Weekly Chart - Broke the previous solid resistance and stable upside now.
CMP : 590
SL : 550
Target : 800
Beautiful 1:5 risk reward setup. Looks good for accumulation, since it is weekly pattern it may take few weeks to month to reach the target.
I love F&O stable stocks like this which respects proper support & resistance , so that we can create some option strategies and maximize the profits additionally.
(P.S : Previously shared this stock few weeks ago but for some reason it is deleted so posting again)
CMP : 590
SL : 550
Target : 800
Beautiful 1:5 risk reward setup. Looks good for accumulation, since it is weekly pattern it may take few weeks to month to reach the target.
I love F&O stable stocks like this which respects proper support & resistance , so that we can create some option strategies and maximize the profits additionally.
(P.S : Previously shared this stock few weeks ago but for some reason it is deleted so posting again)
Trade closed: target reached
