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