Breakout-Ideas

Resistance Breakout

Panjang
NSE:MAHLOG   MAHINDRA LOGISTICS
I am observing this stock for BTST purpose, because today there was huge rally found in logistics stocks. Because of this it crossed an important resistance and closed above the resistance after 6 months.

So technically, I am picking based on various other factors.

1. Huge volumes at Breakout
2. Momentum in logistic stocks.
3. Closed above resistance zone.

Please consider this idea for educational purpose and put 1% - 2% target for BTST trade.

For short term trade, you can follow the levels mentioned on the chart.

Penafian

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