The stock made a new 52W high with decent volumes supporting the move.
Considering that Realty Sector is the flavor of the season, and the stock is much better valued than many peers, the stock can be bought with a target of 426.
Depending on your risk profile you can keep a stop loss of 350 or lower (refer the fibonacci support level from the chart)
Make sure that the transaction should only be initiated if the stock sustains above 385 levels for the initial part of the day.
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Considering that Realty Sector is the flavor of the season, and the stock is much better valued than many peers, the stock can be bought with a target of 426.
Depending on your risk profile you can keep a stop loss of 350 or lower (refer the fibonacci support level from the chart)
Make sure that the transaction should only be initiated if the stock sustains above 385 levels for the initial part of the day.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
Trade closed: target reached:
Target reached on 3rd Sep
Trade closed: target reached:
Target 2 reached on 6th Sep