I mentioned details on the charts above.
a) Conservative Trader can wait for some retracement around 437.
b) Risk lovers can go long at CMP.
SL DCB 430.
CMP 462.
Target 547.
Rationale
1) Volume is very high, chart structure is strong.
2) Consistently have been trading above EMA 21 days since 2021 May weekly basis.So seems a good stock following a market structure nicely for more than a year now.
a) Conservative Trader can wait for some retracement around 437.
b) Risk lovers can go long at CMP.
SL DCB 430.
CMP 462.
Target 547.
Rationale
1) Volume is very high, chart structure is strong.
2) Consistently have been trading above EMA 21 days since 2021 May weekly basis.So seems a good stock following a market structure nicely for more than a year now.
Trade active