The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance. Market is bearish, so take positions carefully.
sundram is in range and ready for a blast . so with strict stop loss of 850 closing basis . always and always follows risk to reward .
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby. Risk Reward Ratio - 1:1 SL is placed below multiple support zones, 200 EMA & the lower trendline. The target is placed near all time high. Note : Ignore The Large Green Candle, which is a bug.
www.tradingview.com CMP : 604.55 STOP LOSE : 535 TARGET : 697.4