The stock is around 52W high zone. Clearly taking support at 730 level. The support level and 200ema almost coincide. Good R:R.
Comment:
The stock is up by 6%. Do not forget to see the volumes on rise:)
Comment:
This is a crucial point. Price may face some resistance here. One can book profits else see how price behave tomorrow around this point on 1H time frame. If the price sustains above today's closing then stay in the trade else you can book your profits.
Trade closed: target reached:
We can close this trade for now. I hope you were able to book profits:) Will update if we can re-enter this stock but will depend on how auto sector performs considering a shake in the major index yesterday.
