The candle on may 31 had huge volume, but price didn't break the previous low. This shows seller exhaustion. Also the delivery taken on that day was worth approx. 22 lakh or 66 % of traded value.
The price is at 20 day mean reversion standard deviation zone
Bought first tranche at 672 , bought in big quantity bcoz exception a big move to the upside as accumulation is almost down. sl is only 5% . Good RR.
Trade active
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Long accumulation , should break out the descending trend line. Should break out by today or tomorrow.
Trade closed manually
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Idea closed , bcoz of overall market , nifty at ATH, we should see a retrace, Not comfortable holding a very over valued company