We can see that stock price increased by 50-60% when stock gave a breakout from downward trend line for last 3 times. I am hopeful that history will repeat this time also.
Keep this stock in your radar and take positions when breakout comes from the downward trend line, review at 1080, which is the immediate resistance
And around 45% up from the breakout level. No clear stop loss at the moment, if will depend on the fashion in which this breakout comes.
If you are very aggressive trader then you can buy at CMP to reduce your risk after breakout, Daily closing below 632 is a clear stop loss if you buy it at CMP.
Good luck.
Keep this stock in your radar and take positions when breakout comes from the downward trend line, review at 1080, which is the immediate resistance
And around 45% up from the breakout level. No clear stop loss at the moment, if will depend on the fashion in which this breakout comes.
If you are very aggressive trader then you can buy at CMP to reduce your risk after breakout, Daily closing below 632 is a clear stop loss if you buy it at CMP.
Good luck.