Bullish sings, go ahead and buy it, could go upto 180 in coming weeks.
2. RSI Divergence
3. Nifty Pullback
One can short futures or go ahead and short calls (if it won't go down then will consolidate there).
Positional hold. Sl around 147 cbsl.
Don't hesitate to close before target reaches. If you want do accumulation/distribution instead of one shot buy.
Hopefully, market should remain strong so that we can get most out of out position.
Go long don't follow stop loss strictly, if market remains strong.
Stock is in strong uptrend should bounce again. Follow the stop loss, don't hold for long.
Will wait for a week or more for the right time to short.
Although market conditions are not favorable right now despite that stock is showing strength in a weak market. Buy as per your risk appetite.
What do you think?
Looks like after descending triangle, a bearish pennant is on the way..still wait for a major breakout as BNIFTY is forming an ascending triangle.
Wait for volume to break. Observe only volume indicator as momentum indicators does not work better in sideways price movements. Wait for breakout with good volume.
Long price: 221.35
Target 1: 238.55
Target 2: 244.80
Target 1: 548.52
Target 2: 580.44
Target 3: 586.50
SL: 106.88 (CBSL)
Target 1: 129.65
Target 1: 387.45