Relcap - Fuelled enough for upmove

Stock witnessed a sharp fall from the top (700) to 38.6 % Fib Level (543) and then Bounced back to 23.1 % Fib Level (600)
One can go long in the stock at 600 with Stop loss of Latest Swing low (582) with a target of 690.

Trade active

Comment:

Stock Up 4%.
Keep stop loss in force and hold.

Comment:

More power to Relcap
CMP 648 (+8% from Entry price)
Keep stop loss open and enjoy the ride

Comment:

Minor pullback expected.
Trail ur SL to 618 and hold it

Comment:

Stock retested the recent swing high of 662 today.
Crossing 662 will fuel more power
Trail SL to recent swing low 637 and hold

Comment:

Stock hit 720.
Close the trade.

Trade closed: target reached