Observations:: -------->> the stock is trending downwards in daily time frame. --------->> created a demand zone @1230 range. ---------->> now the stock price is trading @ 1280 level, facing resistance several times, if price gives break above this levels we will observe a strong momentum towards upside is possible. if again falls from this place we will buy @ 1230 range.
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Breakout given, if its a false breakout we sell on below resistance again.