Expected Upward momentum of 20% in MRPL
MRPL has seen a good breakout on daily TF after almost a consolidation of 2 weeks with good volume on daily TF.
The company has increased institutional investing and a healthy QoQ growth for the last 2 quarters to add to strength.
Good for swing traders. Can hold for about 10 days.
Entry - INR 238.5 (Trade Initiated)
SL - (DL) - INR 230
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
The company has increased institutional investing and a healthy QoQ growth for the last 2 quarters to add to strength.
Good for swing traders. Can hold for about 10 days.
Entry - INR 238.5 (Trade Initiated)
SL - (DL) - INR 230
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
Order cancelled:
Crossed below trend line. Low momentum. Will re-enter incase a base develops again.