Using the Trend Analysis i find a pattern on the chart which indicates a bearish trend starting from 17th Jan.
I have drawn a line from the last highest to last high before that and find that it is making lower highs Also the major support at the two earlier swings was at 3474. This level will be tested and I already find that there is selling pressure in the stock from last two trading sessions. Entry for trade : 3432 or open below 3474 First target looks to be 3373 Second Target looks to be 3223 Third Target will be 3024 from which a strong rebound is expected.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.