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MAYURNIQ fails to breakdown and moves higher

Long
NSE:MAYURUNIQ   MAYUR UNIQUOTERS L
Market failed to break down and auctioned higher. Bounce from 440 area shows keen interest from higher time frames to auction the price higher. Buy area is shown as a green rectangle box. The initial stop is at previous low 487. Looking to book half position around 558 - 568 level and hold the rest with trailing stop loss.
Trade closed: stop reached

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