Rudrabhishek Enterp Ltd (REPL) Breakout with Huge Volume⚠️Risky Bet.
1. Early Entry above 264. SL 215. A retest of 240 levels is possible. Any signs of retest and reversal are an entry opportunity. Retest Level. 240
Or
2. Wait for a fresh breakout above 282 for an entry. SL Below the breakout candle.
These are my views and my way of doing things. Please do your due diligence and research. Do not jump into a trade with a huge allocation based on Tips.
Reasons to go Long:
✅Huge Volume 4x volume compared to previous
sessions.
✅Wide Range clean candle
✅Broke out of Darvas Box
✅Trading right below a 3-year-old resistance. Hence
the early entry.
✅Technically Good.
❗️Microcap/Small cap company.
❗️Fundamentally Weak.
