Breaching in the resistance zone with quite high volume can be seen in weekly timeframe chart can also be called as Range Breakout . would suggest to make a long position at current levels and go for buy on dip if shows any dip till 95 level, can go long at CMP for the given targets in chart with the stop-loss of below the zone (exit only if weekly candle closes...
The stock recommendation base on following parameter:
a) Multiyear Resistance Breakout (highlighted in yellow)
b) Breakout-Pullback-Bullish Engulfing Candle (area highlighted in circle)
c) Highest Volume
Hope this help you in learning.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in...
