CanBK I trades Trade Setup

If I have to buy this, I will buy at 97.75, will keep a stop loss of 1 rupee that is 96.75 or so
And target will be 100
Quick Summary of Analysis -

• Risk to reward 3:1
  With trend
  RSI 50 with a small upward move which is not so strong but have potential to reach 70 and hence can reach our target price of 70
  

Reason for keeping SL so near is that in MACD, the red line is strong as compared to blue line and both are downward sloping.
But as I said, we can enter in this trade only if entry price is at 97.75 approx.

Trade closed: target reached:

target reached after hitting stop loss.