Trade setup:
Daily: breakout from rectangle (sideway movement) and retest done. Could slowly accumulate 50% here and rest 50% buy the share with every 2% decline.
Weekly: volumes dropping as share price falls (positive sign). GMM has never broken 50EMA. High probability that, it could rebounce now as well.
Entry price = 4525 INR
Stop Loss = 3915 INR or 3380 INR (based on your risk apetite).
Target = 5393 INR and 6579 INR (ATH).
Daily: breakout from rectangle (sideway movement) and retest done. Could slowly accumulate 50% here and rest 50% buy the share with every 2% decline.
Weekly: volumes dropping as share price falls (positive sign). GMM has never broken 50EMA. High probability that, it could rebounce now as well.
Entry price = 4525 INR
Stop Loss = 3915 INR or 3380 INR (based on your risk apetite).
Target = 5393 INR and 6579 INR (ATH).