Its forming a symmetrical triangle on daily time frame.
For the last month and half its taking support ( demand zone ) at around 126 levels.
One can buy at the breakout of trendline ( red in colour ) . STOP LOSS could be 126 levels ( green line ) and trail it with 20 ma.
This stock is very bullish and making new highs, the stock had created higher highs, However in the last 30 minutes trading session it closed below 20 Moving Average (MA) and below volume weighted average price (VWAP) with a strong bearish move...
Wait for the breakout to happen. Enter and catch the move.
TATACONSUM gave investors a 150% return. Traders could catch atleast some movement of it.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.