Ipcalabs, price movement has fallen out of the Bollinger bands recently and has formed a 'W' bottom. What further makes this a good possible long trade is positive RSI divergence on the RSI (14) chart. (Lower - Low on Price Chart and Lower high on RSI Chart)
Consider entry at Current levels with a stop loss of 2084.2 with below targets -
Target 1 - ₹2,167
Target 2 - ₹ 2,207.60
Target 3 - ₹ 2,248.40
Consider trailing your stop loss to the targets once every target is hit.
Consider entry at Current levels with a stop loss of 2084.2 with below targets -
Target 1 - ₹2,167
Target 2 - ₹ 2,207.60
Target 3 - ₹ 2,248.40
Consider trailing your stop loss to the targets once every target is hit.
Trade closed: stop reached:
Stop loss triggered on the daily chart.