Trade Setup: Weekly: Making a round bottom. Crossed resistance of 560 INR with volumes. Trading above 50 EMA (sloping upwards) & 200 EMA Daily: slope of 50 EMA and 200 EMA is upwards indicating momentum. Took support (long wick) on 50 EMA as well. Entry = CMP ie; 613 INR SL = below 560 INR. Consider 550 INR as SL (with buffer) on weekly closing basis Target = 730 INR RR = 1.8 Keep trailing your profits, and have patience in the stock.
Trade closed: target reached
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16Nov21: target reached, and trade closed. took bit of time, but a nice trade :)