This scrip is in its 1st corrective pattern , and the pattern is still not complete as its still with in its previous
Impulse leg ( Up side )
I am not sure the correction is complete as it stands its very small i am looking for an consolidation on daily and then
Continue to move down , One can look for adding short sell on rise , Make sure you add June...
If Crosses and closes above 385.5 then buy for target of 390 keeping SL at 384.5
If Crosses and closes below 382.3 then sell for target of 377 keeping SL at 383.3
Risk to reward ratio 1:5
Trade with caution.
One can look for Going Long on May Future contract for this one move up
Price is moving in Side way pattern so you can look to book near 490+
this is 100 points move , You can look to trail the stop after 3 or 4 days form this level
Suppose if it drops , still it will move up