buy SKS MICRO above 290 closing basis, sl 265 target 315-345
technical chart study
as per chart of the stock we can see that price is moving above 3 years high level now.
even we seen “STRONG BULLISH” candle in today s session, with good volume setup.
just observe the pattern in stock, past two times it fail to break the recent high and it unable to change the trend, but this time we can see that it able to cross over and close above recent high, so this can indicate that if price able to move above mention level then we can see good momentum in stock.
even rsi showing some scope for movement if price sustain.
so overall indication is one can buy only above mention level price need to sustain above this level for atleast 15-30 min then only we can get trend confirmation.