Support and Resistance setup
System: Positional trading
1. Stock bounces from near their support levels.
2. Stock is trading above their 200 DMA.
3. RSI comes above 40 levels.
Basis: Price action, RSI and Moving averages
Entry Price: 6800-6940
SL: 6580 (closing basis)
Target: 7400/7700/8000
Duration: 2 months
Disclaimer: I am not SEBI registered. This is my personal view only for educational purposes. I might have this stock in my portfolio. Please do research on your own or consult with your financial advisor before investing and trading.
