As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry. It is bullish in larger time frame also. I will keep this stock in watchlist and review it once it gives a breakout.
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cmp 163
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As per this pattern target should be around 184, but one can book profit at 180.
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sunilshinde1304
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Sir whether, we may buy this stock at this level from the short term prospective?
aks85
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Whenever you want to buy a stock for a short period, buy it on a breakout, because you dont want to get stuck in a narrow range market. So, incase breakout sustains by eod, you can add it. Do manage your risk by hedging as market might get volatile due to elections in US.