Possible Channel breakout in Garware Technical

We can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average.
Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move.

Trade Set-up
1) We can buy if the stock manages to close above 3279 in a daily time frame.
2) Stop-loss can be at 3005.
3) All possible targets are mentioned on the chart.

This is not a recommendation. Do your own analysis before investing.
Please let me know your view on this trade in the comment section.

Zlecenie aktywne:

First Target reached. :)