Stock looks strong and can higher


The stock showed strength even on a day where most of the stocks were beaten down badly, this shows that smart money has utilized the fall from 1800 levels towards 1650 to accumulate in the counter. The stock has made a double bottom along with a clear RSI divergence on hourly charts which indicate the downfall may have come to a end and we might see the stock heading higher from these levels.

Above 1700 levels the stock can head towards 1725/1745/1760 levels as long as 1675 is held.

All ideas shared are for educational purpose.
Comment: Gap up wait for entry.
Trade active: Trade got active on 2nd Feb @ 1700
Trade closed: target reached: 1760 Target reached on the same day before noon on 2nd Feb
Comment: ACC LOT SIZE 500 NET GAIN 60 POINTS OR RS.30,000/- PER LOT.


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