Thyrocare seems bullish with good buyers volume.
With a strong support zone between 975-1000, it has formed a double bottom at the support zone.
Long if sustains about 943 with SL of 860.
Take targets 942, 987, 1140 by trailing stop-loss.
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There seems to be a bullish flag pattern breakout with ultra high volume. There seems to be a bullish breakout in RSI as well. RSI above 70 indicates overbought and hence, expecting a side ways movement. The price has broken 52 weeks high as well, hence expecting a good up move.
Buy in dips till ₹833 - ₹835 levels
ENTER THE TRADE WITH THE FOLLOWING LEVELS:
Seeing the volatility of the market every trader is going bonkers. Stop losses are hitting very frequently still if you have good risk management then the trade day can be made profitable. So trade as per your risk appetite and...