Daily Demand is there at 1373
Has been consolidating after making high around 1600
Lot of foreign investors
Aiming to be debt free company in coming months (Expected 2021)
- Rights Issue - Huge Supply as there will be lot of shares
- Earnings on 13th July 2020
- Long only if it breaks trendline and moves above inside bar high
- Entered demand zone and is currently indecisive, so Mon/Tue - if there is enough volume then it can break the trendline
- Respect Stop loss - new demand will be created if it breaks the stop loss
Ascending triangle is a bullish pattern.When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.
Target - 1925
Safe Entry - 2220 - Less chances of getting triggered
Risky Entry - 2261 - More chance of getting triggered
Tips : If NIFTY50 indices appears green in Morning Session, activate risky trade else wait for the safe entry
Stock has been consolidating from past days. Wait for the breakout to happen.
There is high chances of re opening of multiplexes, it will breakout towards up.
Target will take months to reach. Have patience.