After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey. It is well trading above all its key moving averages too. 966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view...
Ascending right angle triangle breakout with good volumes. Trade with Strict stop loss. This can also be considered as multi year breakout.
Price approaching Support, Instrument is trending well Buy Zone 660_619 Targets 1130 and 1330+, Support at 560 Sustain below this on Weekly then exit
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Short India Motor Parts for Target of 840.