JyotiSahoo

Infratel - possible upside after correction is over

NSE:INFRATEL   BHARTI INFRATEL LT
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Major Resistance at .5 Fib 424. it is coinciding with past resistance level . The stock has taken support at 375 levels. I am not sure if this will hold or not. i will wait for some time to see my CMF indicator trend..
Wait and observe . buy only if you think it is gaining momentum. and SL to be at 365.
if it falls below 375 buy at 365 levels and keep a very strict SL just 4-5 points below 365. once the stock starts to fall below 365 and it will fall further to much more lower levels.


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