Shriram City Union : Price Structure

The chart analysed on following points :

- Price Structure : The stock has seen a sharp correction in downward parallel channel and currently hovering around resistance with Higher High (2D) and rising volume.
- RSI is near to 60 level
- Above EMA 20 & 50 but below EMA 200. The correct entry will be resistance breakout and price above 200 EMA.
- Hidden Symmetrical Triangle marked in chart.

ENTRY ABOVE Rs 1800 ; TARGET RS 2250 ; STOP LOSS BELOW RS 1550

Thanks