We can observe that the price has successfully closed above the previous 52 Week's high price which was a major supply zone and the price has reversed from that zone couple of times. Increased volume gives confirmation for zone breakout. The stock has the capacity to make nearly50-60% up move in the coming days.
Trade set-up
1) Ideal entry price would be 220-225.
2) Strict stop loss at 140.
3) Possible targets are 266,343,400.
4) book profits as per your risk-reward.
Note:-
This is not a recommendation, make your own analysis.
Trade set-up
1) Ideal entry price would be 220-225.
2) Strict stop loss at 140.
3) Possible targets are 266,343,400.
4) book profits as per your risk-reward.
Note:-
This is not a recommendation, make your own analysis.
Trade active
Comment:
First Target achieved