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Indieconomic

Devyani | momentum stock | price recovery from support level

Long
DEVYANI INTERNATIONAL LTD (NSE:DEVYANI)  
Indieconomic Updated   
NSE:DEVYANI   DEVYANI INTERNATIONAL LTD
Support and Resistance Volume Rectangle
3
0
supportandresistance volumestudies rectangle
The stock recovered from support level in daily time frame and showing momentum for further upside. Price closed above ema 20 with good volume.

Target and Stop Loss marked in chart.

Thanks
-AJ

Disclaimer : The analysis published for educational purpose only.

Comment:
Comment:
book partial profit, re-enter as price closed above 200 ema.
Comment:
today's candle mitigated the fall of 4 days. Re- Enter level will above 200 ema.
Comment:
trading above 200 ema.

in min 15 min chart, gap up opening and higher low formation.
Comment:
closed above 200 ema

snapshot
Comment:
target 1 of 18% achieved.
Trade closed manually
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