A good setup and a big channel

Updated
Long term movement happening inside the channel and weekly volume suggest that upper levels of channel wont be respected in coming days. Safe sl should be 199. Price action and hence only trading perspective makes sense.

Disclaimer : Not a recommendation but just an observation
Trade active
Cmp 225 now , sl to cost is a ideal strategy
Trade active
Made a high of 238. Fresh impulse above 242 on weekly closing basis
Chart PatternsTechnical IndicatorsTrend Analysis

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