Acc Formed a symmetrical triangle
Targets are mentioned in charts
Play according to Support & resistance as per the chart mentioned
lot size = 500
Stoploss can be placed below support zone , trade only one lot
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Intraday / Swing Setup: Looks good for 1600/1640/1670
Intraday as well on swing looks really good to enter above 1580 for the target of 1600/1640/1670 with SL of 1570. Good risk to reward ration.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
As suggested in the previous idea it might make a ugly double top before heading south. Now, further fall is expected if sustains below 1506 levels towards 1476 level.
See previous idea, link below.
Smart money accumulated before starting uptrend.
They will try to defend the position by buying when price comes into buy zone.
Note - High volatility before 9:30am and after 2:45pm. Manage risk accordingly.
Hidden Bullish Divergence observed in daily charts & stock is trading near support levels of 1385 levels. It is having strong support near 1338.
Stock may move downwards as markets are correcting, eventually stock is likely to trend upwards to 1425+ levels.
Positional Buy ACC @CMP of 1385
Target - 1425, 1450, SL-1338