raunaq
Short

AIAENG - Reduce positions!

NSE:AIAENG   AIA ENGINEERING
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Following observations suggests to reduce any positions in AIAENG:-

--> Violated the lower end of the rising channel
--> Red ichimoku clouds have started forming for the first time(need to study about ichimoku clouds more)
--> Violated the Bollinger bands
--> RSI is showing loosing momentum

Retracement levels suggests a retest of Rs . 1190.
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