This breakout is similar to NSE:DEVYANI .
In Devyani Int. Ltd. pattern is similar but having more data.
.What did happen to Devyani Int. ltd.?
Devyani moved to "All time high resistance'' & hold the upper level then breakout with engulf candle.
So, high probability is that it may behave the same.
13% away from all time high (we should capture this move)
Only...
Stock is trading in higher high formations of price action where previous low is intact and previous high is broken.
Expected to retest again its demand zone formed at price range between 382/367. Can Buy at 382 with SL 367 for Target of 420.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
The stock has been consolidating in a rectangular pattern for the last 7 months. Yesterday i.e. on (02/06), it has broken out of the horizontal resistance boundary of the rectangle. It is reasonable to construe that a directional up move will ensue post this breakout. Risk: Reward is mentioned on the chart.
the chart looks good today, by the day end if it close above 390 we can take that for btst and with the tgt of 414.90/429/438 these price can be seen in the upcoming sessions for btst we can keep a tgt of 414 and take long position, with the sl of 380 you can adjust according to your risk apatite, cmp is 393 so it sould close above 390 for this amazing...
