Contra long only on a +ve close above 50 inside the channel

To take a contra position (long) in zomato then 50 level needs to be respected and a reversal should come thereon.. price is travelling on a descending channel and has made two waterfalls, a third one could be coming as well.. if a reversal does occur then the above area of resistance at 75 could be the target. One needs to wait for a green candle close, before attempting to take this trade..

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20% profit is good enough in this counter...long term holder nahi banna hain abhi