SRM Trade idea

Updated
There was dal in price after IPO. Then new uptrend started for some time it consolidated and moved on sideways trend. Now be new uptrend is likely to unfold as there are clear increased volumes and inspite of DOJI candle the volume increase in last trading session.

So FVG created ; price may retrace till 280-290

We can buy some quantity at CMP 314; add some at filling of FVG.

THE TARGETS CAN BE upto 340,360,400
Based on Fibonacci extensions.

Di your own analysis also and watch the price action. Comment about it.
Trade active
Target 1 crossed
Note
Target 2 achieved; wait for final target now
Note
Almost 15% gain reached till now
Note
All targets achieved
Trade closed: target reached
Note
32% return achieved in less
Trend AnalysisWave Analysis

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