***Took the position in the stock today!, with same RRR(Risk Reward Ratio) >The simple triangle pattern nothing much as you can see. >The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this. >The way the pattern respecting both EMA's is good. >Good formation of the Triangle is also another factor in this volatile market conditions! >Nifty Mid-Cap 150 fell by over 3% today but this stock sustained it smoothly today and ended the day in positive note, this is the representation of strength in the stock. >The MCAP is 12800cr with a decent financials.
Let's watch how it will react to the present 'Volatility' !