The stock had given a trendline breakout and is now testing an important resistance zone .
Buy above 2354 level for intraday 0.7-1% move and positional first target of 2480
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
We check the current rally commenced on 5th July. Price has increased by 15%. It has breached bearish channel. However, volume candles do not suggest strong volume backing to the current rally. Presumably, stock price above the level mentioned by you should be supported by strong buy volume
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Mam can you please share your knowledge how you research the stocks for intraday and swing trade.