weekly trend can sustain if nifty remains bullish,
low qty as breakout is not yet completed , shows strong possibility though
on daily time frame, but still adhere to strict stop, there will be demand again near 600 if it gets weak
can see 2.40 - 2.20 soon if 3.10 is not breached soon
Will look to add near 1.14 stop being 0.09 . Medium term hold , this instrument may be trying to form a w shaped pattern , whipsawing some stops along the way to remove weak hands before a larger up move
Still a bit weak, may get resisted at previous trendline break continuation, can take advantage of positive momentum at open to get a good r|r ratio for our risky short, If stop triggers Sobha is likely to see some sellers com in near 640 to 645,
near 750 ish , not sure exactly how to trde this one , as it could fake out and spill back to 710's . but if it breaks then it may be a 1x return potential this year itself
May find buyers in an expanded demand zone near 11000 , small trade size recommended
decent r/r ratio for the 15 min tf
Short term set up, valid for 48 hrs
This thing broke previous upper trend line and got resisted by the previous trend line , all this indicates weakness ahead' trade setup valid only for next 36 hrs
weekly support may kick in tomorrow , stoploss would be a close below 445.
retrace entry of a strong volume based prior breakout
stoplpss @ 529 , if stock goes near support base near 34 ema on daily chart go long again
will breakout of a "W" based pattern on daily chart