VGuard Short Term Reversal

The stock is near lower trend line and took support and looks good for a reversal rally. Trade is supported by brokerage calls and swing low, major supports & 200 EMA before SL levels. Target is placed near the previous swing high with a risk reward ratio of 1:1. The trade SL is placed in such a way that even if the stock breaks down it can tack support of the previous resistance channel.