- Strong breakout after a consolidation on a monthly chart - I expect it to come down however 30% positions can be offloaded at opening and remaining at 166 levels - Volume expansion suggests strength - Stoploss can be at 146-147 - Expecting a retest however momentum might be very strong
@shubh1818, I had already expected a retest as the breakout candle was huge, so it will show some consolidation and even the volumes of consolidation candles are low. It may regain a momentum and if it does not I would exit at stoploss. This is what I think, rest is with the Markets. Thank You.