As you can see, 1st tgt is 103/-. If it breaks then we go to the next one. Till then 103 will suffice (at least for me).
Next the reason to buy was a bounce from the bottom Bollinger on EOD. We may see some small downside today or a gap up (any one) bcoz on the 4hrly it has come down with a red candle on the BB.
Also another reason to buy was the failure to reach the bottom support line of the triangle and bouncing from midway (shows some strength) on EOD basis.
Since its a high beta stock I went for Call, else it would just qualify for Equity/Cash purchase.
Am attaching the chart here.
Next the reason to buy was a bounce from the bottom Bollinger on EOD. We may see some small downside today or a gap up (any one) bcoz on the 4hrly it has come down with a red candle on the BB.
Also another reason to buy was the failure to reach the bottom support line of the triangle and bouncing from midway (shows some strength) on EOD basis.
Since its a high beta stock I went for Call, else it would just qualify for Equity/Cash purchase.
Am attaching the chart here.