Trade setup:
after a huge fall, consolidated for a long time and brokeout from consolidation (stage 2) with huge volumes. 50 week EMA providing good support as well.
RSI > 50 and Relative strength recovering well.
Smallcap index has risen a lot, and please trade with strict stop loss.
Buy price = CMP - between 120 - 140 INR (add on dips)
SL = 100 INR on weekly closing basis.
Target 1 = 167 INR
Target 2 = 290 INR
after a huge fall, consolidated for a long time and brokeout from consolidation (stage 2) with huge volumes. 50 week EMA providing good support as well.
RSI > 50 and Relative strength recovering well.
Smallcap index has risen a lot, and please trade with strict stop loss.
Buy price = CMP - between 120 - 140 INR (add on dips)
SL = 100 INR on weekly closing basis.
Target 1 = 167 INR
Target 2 = 290 INR
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