Upward Channel is broken on the downside with a bearish engulfing candle Close below the channel support of 100 MA broken MACD gives a negative sign Go short SL 1242 Target 1110
Trade closed: target reached
⋅
Target reached The stock is now showing a bullish hammer patter on daily price action at zone of support Thus all are advised to book profits
Stock is forming a Pin Bar Candle at Zone of value. So, those looking to take and protect profit would be advised to exit at 1170. Rest can trail for further fall with revised SL of 1190.
Rest can trail for further fall with revised SL of 1190.