The stock has broke out with good volume on 3rd August and has respected the previous resistance as a new support.
One can enter with a risk reward of 1:1 initially and trail the stop loss accordingly.
The possible stop loss can be at the low of the Morning star formation on daily chart on the days 30thJuly,2nd & 3rd Aug.
One can enter with a risk reward of 1:1 initially and trail the stop loss accordingly.
The possible stop loss can be at the low of the Morning star formation on daily chart on the days 30thJuly,2nd & 3rd Aug.
Trade closed: stop reached