The stock is currently at a strong respected level of support. The bearish momentum is wearing off. There is also a strong demand zone at 505, so price could dip till there and bounce back up thus stoploss is well below the zone. Strong resistance and sell zone at 700 so placing the take profit there.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
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