Channel Breakout in Wockhardt

From past one year stock was trading in a channel and finally it has managed to close above this channel.

Breakout happened on 19th Aug, today price have closed above breakout candle indicating a strong upside momentum in the stock.

Price level of 270-260 should act as immediate support. All possible targets are marked on the chart. Ideal Stop loss can be at 230.

This is just a view not a recommendation to trade. Do your own analysis before making any investment.

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