The stock had been taking support at the above mentioned price action line which is also supported by 50 week moving average which will act as huge support on short term basis. Also the stock has given a breakout above 20 week moving average which is good breakout considering the up coming Diwali session and auto sector can see some good sales volume.
Trade closed: target reached
First target achieved, wait for the final target with revised stop loss at costTrade closed: target reached
Full target Achieved. All longs closed for the time being
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.