This is a very good trend reversal. A long bearish trend seems changed. A long position could be taken here for those you would like to invest in.
For those who are willing to take a positional trade, please wait and enter after the pullback as we can expect the price to test the trend line.
Good Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level.
On 28th Dec, we had identified this trade where we saw a minimum 10% + trade potential.
The stock achieves it's 1st target of 128
Those who missed the bus, look to enter only if you see dips towards 122-118.50 levels for target 2 of 140.
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