Resistance/Breakout for short term to long term

Stock has momentum. But it could be a trap too.

Wait for a green candle close above 200 DMA or 38.6
In the past too when it broke 200 DMA upside it produced good returns.

Targets are mentioned on chart

When the stock is trading above the price 44, exit if RSI drops below 60.

Based on risk appetite. If anyone want to hold for a long term further levels are marked on chart.



Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.

Comentário:

There's some huge resistance around 40 today.
If the price drops below 35 before our entry then this trade is invalid.

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