Entry at Support
This trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame.
A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade.
The stock can show upward movement as below:
1) 1st Target is 20% from current level
2) 2nd Target is 30% from current level
3) 4th Target is 50% from current level.
**All targets to be observed in Weekly time frame**
A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade.
The stock can show upward movement as below:
1) 1st Target is 20% from current level
2) 2nd Target is 30% from current level
3) 4th Target is 50% from current level.
**All targets to be observed in Weekly time frame**
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