The stock has given breakout from its monthly as well as weekly support levels. A possible retracement is underway, if this support level was held firm by this stock then there will be continuity in the uptrend.
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The safest entry levels are above 5400.00 Levels and SL must be below the immediate swing low.
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Wating current market sentiment Risky Trades can enter at 5100.00 levels if found sustaining the support levels.
Recommended Sl must be near 4950.00 to 4900.00
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Calculate ur RR ratio and then trade.
PS: I am expecting a halt at support levels for a bit them momentum might continue.
.
The safest entry levels are above 5400.00 Levels and SL must be below the immediate swing low.
.
Wating current market sentiment Risky Trades can enter at 5100.00 levels if found sustaining the support levels.
Recommended Sl must be near 4950.00 to 4900.00
.
Calculate ur RR ratio and then trade.
PS: I am expecting a halt at support levels for a bit them momentum might continue.
Comment:
Beware of the "M Pattern" Formation at the top.
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Nifty: Analysis
Umang_Sharma
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