Please feel free to comment any doubts if you have , I have marked the level in the trade for tommorow.
1. It is most likely to take last resistance as a support and bounce back.
2. RSI is in oversold zone (31).
3. Bounced back from this zone more than 8 times .
1. 15mins Chart Time.
2. Target : 385 (The last HH which can act as a resistance)
Double bottom in monthly charts.
Breach of trend in weekly and daily.
Heavy volume on green days only.
The company just bought back shares last week around 395-400 levels.
are few reasons to long on this counter.
i will also mention - apart from trading, i see potential for investment on this counter too with target of atleast 650.
The company shall be a leader...