Note: This is for educational purpose only.
There seems to be a build up near resistance in 1 hour timeframe. RSI is near 60 and relative strength is crossing Nifty Index. There is a possibility of breakout. But please wait until breakout happens.
Once breakout is done, SL would be: ₹542
Increasing Triangle pattern
The blue lines are the support zone and the red line is the resistance level.
If it breaks the redline and maintains it can achieve our target. The target is the green line.
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ENTRY: If this breakout will reach candle high and keep it then we will enter.
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STOPLOSS: SL is below the Breakout candle low.
