11646 Support play
Updated
Reason for long
a) DII brought at lower level last month
b) Triangle breakout
c) W formation
d) volume profile analysis indicating strong hurdle or point of control at 204 to 194
e) Hence any weekly sustenance at 205 is at crucial level; The monday day closing above 3% up is entry level with 12% as SL on day closing basis
f) SL compulsory
Fundas are okay and fundamental target for short term is 250 and pe is attractive and long term target (3 years) is around 500, 600 and 900 and the long-term targets and SL will change every quarterly based on quarterly results.
a) DII brought at lower level last month
b) Triangle breakout
c) W formation
d) volume profile analysis indicating strong hurdle or point of control at 204 to 194
e) Hence any weekly sustenance at 205 is at crucial level; The monday day closing above 3% up is entry level with 12% as SL on day closing basis
f) SL compulsory
Fundas are okay and fundamental target for short term is 250 and pe is attractive and long term target (3 years) is around 500, 600 and 900 and the long-term targets and SL will change every quarterly based on quarterly results.
Trade closed: target reached
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