Need to see if the stock breaks out of the channel. The potential target once the stock breaks out of the channel is 285. But I would rather bet on a reversal and retest of 190. Lets keep watch!
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The down move has started. It should retest 190 and then 180 before any resumption of upmove.
from previous break out patterns it seems it s getting ready to go up further
sundeep.ravinder
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@GauravMehra, Finally, the move has started. Options data suggests the move can take it to 180-185 zone.
GauravMehra
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@Sundeep.ravinder, hope that happens i shorted at at 180 on 22nd oct then also option chain suggested downside ...unfortunately held on to it for quite some time ..and the results are there to see ..i have lost trust on option chain for now