Positional Trading Idea on Concord Biotech

CONCORDBIO

Daily close above 1565 level may lead the stock with 1st target near 1695 at 1.618 Fibonacci extension level. If stock cross 1700 level then lead to around 1900 level. Trailing Stop Loss near 1500 level.

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Crossed the 1700 target on 30th April but could not sustain above it. Position closed at 1650 level. Reentry if stock reaches near 1560 support or sustain above 1700 level.