srikartiram

MEGH | Low beta stock - Looks good for 60%

Long
NSE:MEGH   MEGHMANI ORGANICS
MEGH | Low beta stock - Looks good for 60%

I see RSI negative divergence but a strong demand zone is near by it could be an excellent buy on dip opportunity

CMP : 85 (Dip 75 & 70)
SL : 67
Target : 125

1:5+ risk reward setup
[Consider buying 50% here ( CMP ), remaining in dip based on risk appetite]
Trade closed: target reached

Comments

Superb identification of pattern and opportunity , great sir !!
+1 Reply
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