The scrip has shown good positive upside move in the last trading session.But, I am giving a "POSITIONAL SHORT" as I am figuring out a HEAD AND SHOULDER pattern on the daily charts. Even though the stock is trading above its 200 DMA but its marginally trading above the same at Rs. 590-Rs. 591/-
So, I am suggesting a "SHORT" for the scrip after it breaks the neckline at Rs. 571- Rs. 570/- and if the down momentum continues we can observe the fall up to the levels of Rs. 545- Rs. 546/-
"BE PATIENT AND TRADE TO EARN HUGE PROFITS"
"STAY CONNECTED"
Thanks,
Siddharth
So, I am suggesting a "SHORT" for the scrip after it breaks the neckline at Rs. 571- Rs. 570/- and if the down momentum continues we can observe the fall up to the levels of Rs. 545- Rs. 546/-
"BE PATIENT AND TRADE TO EARN HUGE PROFITS"
"STAY CONNECTED"
Thanks,
Siddharth
Trade active:
"Stock reaching near the neckline"
Hold your seats and see the stock falling like a knife
ENJOY THE DOWNPOUR
Hold your seats and see the stock falling like a knife
ENJOY THE DOWNPOUR