Looks like a base building formation is happening, Stock is about to outperform nifty bench mark index as well, historical data suggests that always a good momentum of 10-15% comes when stock outperforms nifty.
Buy at CMP, add more above 541. Chart will make a rounding bottom formation above 541, so you can increase further positions there. Review at 578, 610 and 658.
Keep a stop loss below 490 in this trade.
All levels are on daily closing basis.
Buy at CMP, add more above 541. Chart will make a rounding bottom formation above 541, so you can increase further positions there. Review at 578, 610 and 658.
Keep a stop loss below 490 in this trade.
All levels are on daily closing basis.