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TASTYBITE

TASTY BITE AT IMP SUPPORTAnother stock, that came on the radar is Tasty BIte for a Positional Trade. The stock made a low of 8050 in the last week of June 2022 and then rallied massively from there and made a High of 13700 in late August 2022. That's a huge 70% return in just two months. Usually when stock witnesses such a fast move it usually consolidates for a long time afterward. Now the stock has been consolidating for the past 3 months in a 20% range i.e 11300- 13700. There can be two types of trades that can take place: 1. Support Trade 2. Breakout Trade Support Trade: Stock can be bought near the support level, which would offer a great risk-reward ratio, but at the same time, Cons of Support Trade: your capital might get blocked for a long since we do not know how long it's gonna consolidate. Breakout Trade: Keep the stock on the radar, Wait for a Breakout Manage Your Risk as per your capacity Cons of Breakout Trade here: You might miss the stock, as it gives huge swings and the risk-reward wouldn't be favorable by then. Trade at your own risk
NSE:TASTYBITELong
by manuagarwal21