** Trade Plan **
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Setup :> Here there is a Support & Resistance Zones . So be an Intraday Trader in the stock.
Entry :> Should be done on the Closest or on the Support Zone. Price Range in the chart above.
Exit/ Target :> Possibly the nearest Resistance shown in the chart.
Stoploss :> Stoploss should be kept just below the support zone.
Risk : Reward. :> Very Good (1:6)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> The Stock is looking to make an upside on an intraday chart of 5 mins. Our Task is to buy the stock as near as possible to the support zone.