After the listing, the stock was in extended downtrend.
From April month onward, trend reversal observed with rounding bottom pattern. The stock convincedly formed the strong base and moving upward for expected target of 50% from current level.
Other factors considered are 20 & 50 ema and Rising Volume.
Entry at retest or retrenchment level
Stop Loss below support level or day swing low.
Target - t1/t2/t3/t4
Thanks -AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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resistance at Rs 200.
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price retested the breakout level.
if today's closing above Rs 200 - opportunity to accumulate.
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strong closing.
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target 1 achieved !!
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target 2 of Rs 243 achieved !!
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target of Rs 265 achieved !!
Trading ditutup: target tercapai
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t1 , t2 , t3 achieved.
Target 4 is definitely achievable, close the position (if any) as per price action.