As seen that the DCW has given a Pennant pattern breakout on daily chart a few days back, after which the price has revisited to test the breakout levels and gone down a bit further, giving us the perfect low risk entry.
The stock is bullish in larger time frame also.
Expected Levels: 40,45,48
Exit levels: 34.30
The stock is bullish in larger time frame also.
Expected Levels: 40,45,48
Exit levels: 34.30
Trade active:
Entry levels 37. Stock closed at 35.7. SL safe till now.
Comment:
A close below 34.30, would be my exit.