Man Industries - Box breakout
A stock that's been consolidation for a while now and just recently after the promoter gave a TV interview it caught momentum again.
The ideal case scenario is if the stock at max goes as low as 445 and bounces and breaks out upwards.
The goal is to buy the breakout above 460 and hope it can make a vertical move after such a long consolidation.
A stoploss below 428 in this case would be the most aggressive stoploss but a Stoploss below 390 might be best keeping in mind this is a techno-funda pick.
The ideal case scenario is if the stock at max goes as low as 445 and bounces and breaks out upwards.
The goal is to buy the breakout above 460 and hope it can make a vertical move after such a long consolidation.
A stoploss below 428 in this case would be the most aggressive stoploss but a Stoploss below 390 might be best keeping in mind this is a techno-funda pick.
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