Trade rationale

Trendlines

As can be seen from the chart, the stock has a bullish triangle breakout with above average volume, above super trend and abobe monthly and weekly pivots, above weekly R1 now acting as support. Entry at Rs 1854 (immediate day high of 1st Mar 2021), SL of Rs 1830 (lower wick of 2nd last 15 min candle) and target of Rs 1892 (confluence zone of previous week S1 & monthly R1). Update on 03.03.2021: After predicted breakout, SL trailed to Rs 1874 (low of 12:15AM bullish candle) and Target raised to Rs 1906 (weekly R1). Update: SL trailed to Rs 1884 (low of 1PM 15-min bullish candle)