Bector food

for last 2 weeks, whenever there is a rise in price, there is a rise in volume; indicating interest.
change in structure from LL to LH to HH.
SL = 330 or 370 depending on your risk apetite.
Once 435INR is crossed, Target could be IPO price = 500 INR.
RR is good.

Comment:

booked my positions at 445 INR. trade closed. profit taken 15%

Trade closed manually

Trade active:

21Jun21: Trade could be re-entered, as the stock took support at 50EMA & trendline (pink line) on daily basis.
SL = support line @370 INR
Target = 500 INR.

Comment:

19JUl21: Look at the volumes for the last 3 days ie; very huge. Good Accumulation going on.
Change in pattern of stock to round bottoming.
Target could be raised to 600 INR. But, let's wait for target 1 ie; 500 INR