Strong demand at 2283. (Bottom of the box)
Targets - 2369 (Top of the box)
Or Wait till the price is broken on the upside(2369) and place the buy order.
SL - Risk 1% of your money.
Disclaimer: Author may enter in trade, take your own decision. This is an trading idea not an trading or Investment advice.
Alembic recently posted great Q4 results and the stock has been trading in a fixed zone since a lot of years. The stock however closed above the box for the first time and if anyone follows the Darvas Box strategy, it gives us a good signal to go long as the volume has also inm=creased considerably.
I won't be getting into the fundamentals,if anyone...