Trade rationale

Other – Study mentioned in Notes Below

Breakout Retest: As can be seen from the chart, the stock is in bullish zone with above average volume, above supertrend, and above monthly&weekly pivots and above weekly R1. It has also retested weekly R1 after breakingout from it. Entry price above Rs 643 (High of present candle), SL of Rs 637 (low of bullish candle of 10:45AM that has crossed the R1) and Target of Rs 657 (monthly R2)