rrgiyer

Pradaeep Phospates-poised for breakout

Long
NSE:PARADEEP   PARADEEP PHOSPHATES LTD
Post IPO, the stock had moved and corrected from September and has given breakout of trend line with volume.
The stock has given breakout on hourly chart with retest but need to confirm the same on daily chart for swing trade.
If retests trend line and moves up, 1st resistance will be 62.5, followed by 65.25 and 72 being major resistance as per Fib levels.
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