MR D.I.Y GROUP (20-DECEMBER-2020)

Since its IPO, the stock has been increasing steadily and moving within an uptrend channel.

The price just penetrated above a upper flat trendline of ascending triangle and the trend is expected to continue to rise with some healthy pullbacks.

EP: 3.2

Next R/ TP:
• 3.315 of upper uptrend channel (coincides with 100% FE & ascending triangle target)
• 3.67 (168% FE)

Support:
• 3.095 (flat trendline of ascending triangle)
• 3.055

Risk and Reward - 0.115: 0.105 or 1:0.9

Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.