The stock has broken out and retested but the presence of a support around Rs.426 provides an opportunity to enter lower. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 4:1
SL is placed below support zone. The target is placed near swing high.
Risk Reward Ratio - 4:1
SL is placed below support zone. The target is placed near swing high.
Comment:
Target can be extended up to RS.475 and Stoploss up to 385 based on risk taking capacity.
Trade closed: stop reached