Avenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300. The idea will be invalid below 4000. The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
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Target1 done, going for Target2! Almost 10% return from our entry level. This is the power of Reversal Trading. Enjoy your profits!
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Currently giving 12% return from our entry level; going for Target 2. Reversal trading gives us the power to hold on to a winning trade with a negligible stop loss. Now SL should be at the cost. Or you can book 2/3 quantity here and trail the rest for bigger targets.