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Made an entry in Greenply Industries on 4th June 21. Estimating it to be a trade of few days only. Entry price at Rs 204. Expecting 10% returns from the trade in the short term. More if held for few months. Following is the chart and trade rationale.

Trade rationale:
  1. Weekly in uptrend.
  2. Daily had a good and smooth correction. Thereafter confirmation of support at 50 EMA received.
  3. Hourly and 15 mins are consolidating near 200 SMA.
  4. Lower volumes during correction in 15 mins.

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