Support and Resistance setup
System: Positional swing trading
1. Stock bounces from near their support levels.
2. Stock is trading above their 200 DMA.
3. RSI comes above oversold zone.
Basis: Price action, RSI and Moving averages.
Entry Price: 282-287
SL: 272 (closing basis)
Target: 300/312/325
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.
