Wow nice analysis sir, what is the target we can expect in the upcoming months?
ansul1992
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@pnaveen89774, thanks for the appreciation
First target for the stock of 180 already done
however,
Huge upside potential in the stock left. Keep trailing it now can book partially here around 185 and trail partially with SL at cost.
For positional keep trailing with HHHL structure in daily tf & for short term swing trading keep trail with HHHL structure in hourly tf..
ncsajjan
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Ya, fundamentally it is strong as per ur financial numbers, but what is the technical logic behind the analysis? can u explain me that because i'm new to the market. Thanks in adv
ansul1992
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@ncsajjan, technically stock has been in the range of 180 to 130 since last 5 months.. Morever each time contraction is decreasing from 30% to 16% to 11% to 5% while new lows abv previous lows stating buying coming from the lows. Now the volatility has contracted to 5% along with contracted volumes... there is high chance of volatility expanding to upside from here.
If the stock gives BO abv 164 tomorrow our new sl will be 155 as stock has retraced upto 155 today.