On one hour time frame trend line breakout is formed in DEVYANI INTERNATIONAL. We can take long entry in it at 154 with a stop loss of 149 and target of 170. 1:3 R:R is possible easily. Also we may see the formation of cup and handle if small correction happened. In that case we can take entry after breakout at 157-158 with stoploss of low formed during handle formation. Here volume is great at time of breakout and RSI is also above 60 indicates the strength in stock. NSE:DEVYANI
can we look for more upside here. as financial doesn't support right now
adillshaikh
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@thecoolestwavee, some time some stocks out perform the market. Devyani is good fundamental stock plus technicals are good and one more thing I have seen devyani took fast moves of recovery when market starts recovery hence it is around 10% up from recent low. According to me it will go up. Let see what happens and yes I am not a financial advisor do your own research because profits and losses will come to you if you invest. Have a great investment and trading journey.