Devyani Int Short Term Trade
Updated
The stock has been in an overall long term trend
Lately overall volume is indicating strong bullish sentiment
A rising wedge pattern has been formed
Also level around 199.4 has been an strong resistance zone (pink horizontal line)
Breakout has occured through the pattern as well the resistance
vol and atr has also shown a sharp surge on breakout
Thus, for a short term trade,
tgt 215.5 , sl 198
Lately overall volume is indicating strong bullish sentiment
A rising wedge pattern has been formed
Also level around 199.4 has been an strong resistance zone (pink horizontal line)
Breakout has occured through the pattern as well the resistance
vol and atr has also shown a sharp surge on breakout
Thus, for a short term trade,
tgt 215.5 , sl 198
Trade closed: target reached
target reached
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