This Auto Ancillary Stock has been beaten up enough. On the Technical Indicator RSI for Daily, Weekly and Monthly chart is gaining strength. However, care should be taken cause any correction in stock could take a deep dive. One can take a risky bet for a Target of Rs. 620 and above which could rally upto Rs. 700. A very strict Stop Loss to be kept at Rs. 550 and an entry price of Rs. 577.
Trade closed: target reached:
Target 1 - 620 achieve
One can book profit or trail the SL. If on daily closing basis sustains above 620 then in short term can move to 700
One can book profit or trail the SL. If on daily closing basis sustains above 620 then in short term can move to 700