In this level 95.90 is a resistance. 3 times price goes but failed on the next day. Now scenario is different. In 1 day time frame 1 red candle close at 95.95. and next day a big candle was generate. You can wait for 1-2 days.
If price near and between red spot don't take any position. If price close above red rectangle area then take a position and enjoy the move.
Trade active
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entry here
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Make sure your Stop Loss will be at 95. without stop loss don't take any trade.
What will the target be. It looks like a rounding bottom on weekly time frame
KaustavHazra
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@eastwind65, From my point of view after proper breakout i'll trail my Stoploss , i don't have any target right now. Because if you see All pharma sector is bull. So this stock also give a great return for long term . (In case if i found any target i'll update update here in my post).