Buy for sure. (moderate risk reward ratio)
Buy MKT price say 1287Rs
SL: below 1252 Support line say 1240Rs
Target : 1415Rs
Risk to reward Ratio = 2.7
Note: W pattern formed indicating reversal of trend. So previous down trend broken and up trend has begun. So the stock for sure will rise. Also the resistance line broken and hence it will act as support line in worst case. Good stock to book profit.
Only risky points are (NIFTY and SENSEX are in down trend beginning and immediate no candle stick patterns to indicate uprising.
SL: below 1252 Support line say 1240Rs
Target : 1415Rs
Risk to reward Ratio = 2.7
Note: W pattern formed indicating reversal of trend. So previous down trend broken and up trend has begun. So the stock for sure will rise. Also the resistance line broken and hence it will act as support line in worst case. Good stock to book profit.
Only risky points are (NIFTY and SENSEX are in down trend beginning and immediate no candle stick patterns to indicate uprising.
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