coming out of long consolidation base, large cause the effect is going to be exponential or linear. Have 1/2 size position in this name. no position in my portfolio is more than 2% of total portfolio size. stop loss is 8%.
rangebound trading for months now. I'll buy one lot now and another near the support zone for a target of 10% upside minimum. SL below 509 on daily closing basis.
Next move to be decided above 575.
Duration: 14-16 trading sessions
It is been observed that the price action is breaking out from the previous resistance levels of 430 and made a new high at 437, which is indicating bullishness and further prices should go up.