Will bulls come back at the mentioned support zone or will have to say tata to bata?
Scrip has got major support zone at 1265 to 1280 zone, this zone can attract bulls for target 1324/1360/1390/1414
Sl will depend on how scrip moves from the zone, if fails to hold the zone, the setup will be failed and will look below to go long around 1216 levels, no shorting further.
If holds above the support zone marked on the chart , go long for mentioned targets, Safe traders can wait for candlestick confirmation on daily chart.
Regards,
Sharma Yogesh
Scrip has got major support zone at 1265 to 1280 zone, this zone can attract bulls for target 1324/1360/1390/1414
Sl will depend on how scrip moves from the zone, if fails to hold the zone, the setup will be failed and will look below to go long around 1216 levels, no shorting further.
If holds above the support zone marked on the chart , go long for mentioned targets, Safe traders can wait for candlestick confirmation on daily chart.
Regards,
Sharma Yogesh