Volume looks quite impressive any move above the trendline can give a good move.
Please note: If volume goes above Moving Average then the convection for this trade will go higher.
Please note: If volume goes above Moving Average then the convection for this trade will go higher.
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It is on the verge of a breakout.
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Gave a breakout, retesting its trend line, if it manages to sustain its current level, then we may see a good move.
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2060 is strong resistance, as you can see this is the reason I marked this level on the chart.
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I bought 25% of the quantity on 5th Aug, (Stoploss:1958) I will add more quantity only above 2060.
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I have exited Deepak Nitrate, taking a small loss, rejections can be seen at the present levels, and will re-enter above 2060 if technical seems good.