Tomorrow there is parliament drama on Rafale which will make this volatile. So watch for that. Today's price action tells it is a sign of short covering! So sell tomorrow on PDL break with the stop loss mentioned.
As it is moving towards the consolidation channel the fall may not be sharp, so TSL properly.
Rising wedge with failed breakout is a sign of long unwinding. Tomorrow if today's low is broken shorts will build up.
But if you see this there is a lower channel on top of it as well.
Anyways, that is an hourly view but will create price action move if broken!
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB
Short Ashok Leyland 97.5 PE at 2.25