STC INDIA (state trading corporation)
The stock is in ascending triangle which is a bullish chart formation also the high volume bars are on UP days. If the chart pattern plays out successfully the target for the stock on a close above 390 will be 470-500.
There are two ways to trade this one
1> Buy it near the up sloping trend line near 340-345 and SL for this trade will be a close below the trend line or at 330-326 depending on risk capacity
2> Buy it on a close above 390 SL for this trade could be 360
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