INTELLECT
Intellect Design Arena Ltd LONG trade .
Reason to go long :
1 . Taken Fib support of 61.8%
2. 2 Bullish Marubozu bullish candles .
3. Emerging IT player
4. String YoY results
5. Bounce Back on the Volume profile level ( Demand Zone )
Buy @ 455-460 Lvl
SL @390-388
Tgt 1 : 515
Tgt 2 : 570
Tgt 3 : 620
Trade closed: target reached:
SL was missed by just 70 paise and gave a reversal from the same level . Target 1 and Target 2 both achieved after a long wait of 140 days ( honestly it took longer than expected ) . Now all can Exit the trade as both the targets have been met .