Vimta Labs - Buy, using simple support and Resistance lines

Support and Resistance lines act as good levels for entry and Exit. In the chart of Vimta labs, two resistance lines are drawn. The way to trade this setup is to either go long after the breach of first resistance line or to wait for the stock to retrace after the second touch of the resistance line.

Go long either around 76-77 or after 88 is taken out.
Target- 118
Stoploss - 70

Happy Trading,

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