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Stock has crossed the hurdle it was facing.
Just support and resistance theory.
The chart speak itself
Using 516 as our SL we can enter for 600+.
It is just a support and resistance game.
There has been a good consolidation, and stock has been following a very tight range for the last few weeks.
Buy around 211
Logic - 2 years breakout
Price retraces to stopping volume level with no volume.
Risk to reward 1:10
Risk to reward= 1:5
Risk to reward = 1:4
Fibo at 0.6%
Very minimal risk of 5%
Reward of 40 %
We can see a reversal
If we can take 6% risk, we can hope for 36% profit
ZEEL on support , we can take entry with SL of 6% and target of around 30%. Time - 30-60 days.