rdkriplani

Nile - Reversal Candle

Long
BSE:NILE   NILE LTD.
If the stock opens above 600 since lead futures were up significantly it would be a very bullish trigger.
I would take a smaller allocation and double up above 620 which allows the stock to also cross the AVWAP and pennant.
SL 575.
First target would be closer to 700.

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