Trade rationale

Other – Study mentioned in Notes Below

Price Action Startegy: As can be seen from Chart, stock is in bullish zone with above supertrend, above average volume and above weekly and monthly pivots (Rs 1021 and Rs 1034). Will be extremely bullish if it crosses and stays above the weekly resistance of 1057. Entry above Rs 1057, SL of Rs 1043 (today's supertrend value) and target of Rs 1092 (monthly resistance R1). SL ytrailed to Rs 1062 as stock rallied up with strong volume