180 is easily achievable and seems very moderate target. If you see, stock has broken multiple year hurdles with volumes around 155 and 160. 180 is quite moderate target. Fresh entry should be avoided or very small quantity can be bought and buy on each dip. 150 should be the SL.
TradingSutra
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@mikibisht,Fresh entry can be done , target is justifiable as per the pattern. SL of 125 is the correct SL for the pattern.
mikibisht
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@TradingSutra, Then the risk reward comes like Rs.17 of reward and Rs.38 at risk. I think it's not wise to play for that currently.
TradingSutra
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@mikibisht, It is good now the SL can be trailed for those who have already entered !
arrjey
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you should wait for the triangle to take its form, i think the bottom line will be respected one more time, and the resistance is not yet broken anyway. your SL is good though.