Form past few week the the nifty 50 is being bullish ,and subsequently creating new all time highs .these bullish moves has influenced the entire market therefore the above stock making a steady upward move may present us with a opportunity for long position
Logic behind this trade:-
Form past few week the the nifty 50 is being bullish ,and subsequently creating new all time highs .these bullish moves has influenced the entire market therefore the above stock making a steady upward move may present us with a opportunity for long position
about the stock:-
the stock price is creating a classic higher high and higher...
the stock is currently in an channel pattern, we can expect the stock to be bullish as its above the 200 ema line. the ATR is used to set the SL and TP is set with the help of 1:3 RRR
disclaimer:-investing in the idea at your own risk
