Trade rationale

Other – Study mentioned in Notes Below

The stock is in bullish zone confirmed by ready for a triangle breakout on upper side with above average volume, above super trend, above monthly and weekly pivots (Rs 44 & Rs 43) and near to cross weekly resistance R1. Entry Price above Rs. 52.5 (monthly resistance R1), SL of 50 (supertrend price of today) and target of Rs 56 (weekly resistance R2).