After forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern. It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up. It could rally more for coming few sessions. Let's wait for some price action. Keep a close watch on 15-VWAP for intraday!
Important support: 352-356 levels
Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!
Rallied almost by 12+ points. That's more than enough on a lot size of 2200 qty for cadila. Hope you all liked the analysis. Happy trading!
Please like and follow. I'll keep sharing such analysis.
Please like and follow. I'll keep sharing such analysis.