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.
- Weekly in uptrend.
- Daily had a good and smooth correction. Thereafter confirmation of support at 50 EMA received.
- Hourly and 15 mins are consolidating near 200 SMA.
- Lower volumes during correction in 15 mins.