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Rugminik
Feb 24, 2024 3:01 PM

Suryoday Small Fin Bank - Swing and Mid Term Investment Pick Long

SURYODAY SMALL FIN BK LTDNSE

Description

The stock is in up trend in Monthly , weekly.

The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40.

The weekly has given a multi year breakout, has just broken the supply range at 190.

I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 %

For an Investment, I would consider a 1:2 Risk reward , SL at 145 level - weekly closing basis, Target at 280. I consider trailing my investment profits at each level with an exit if closing below 20% from any level.
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