Near to over bought level SL 3400-3420.
Short at CMP.
Target 3100, 2800, 2500, 2200.
Let it close below 3250 then we,can see a major fall in,d stock. With supports at given above levels,
It has,form a,Bullish Pennant pattern on d chart. Need to give a promising close above 3420-3460 level.
If that is,also crosses and gave close above 3420-3460 then another rally of 200-300 points,possible
with target of 3700+
Until then candidate for a downfall.
Short at CMP.
Target 3100, 2800, 2500, 2200.
Let it close below 3250 then we,can see a major fall in,d stock. With supports at given above levels,
It has,form a,Bullish Pennant pattern on d chart. Need to give a promising close above 3420-3460 level.
If that is,also crosses and gave close above 3420-3460 then another rally of 200-300 points,possible
with target of 3700+
Until then candidate for a downfall.