Buy on Dips / CMP is 304
The breakout is clear and the uptrend since 7th Jan 21 continues.
I say buy on dips because this sudden and sharp uptrend might lead to a correction upto 250 levels.
The risk level is high but so is the reward. Checking the daily charts (resistance not available on hourly charts), the first resistance is at 360 levels followed by 410...
RR is not favorable, only for aggresive traders.
Sell if sustains below 240 for the target of 228, 216, and 205 until 254 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team