are horizontal stating that the stock is trading in a range bound market.
It's a sideways market for Infratel- prices are moving into the zone between 414-325 which is a no trade zone or look for buying opportunities at lower range with 325 as key support & targets upside or look for sell once it moves close to 414 on top- holding that level as key resistance & traders could sell for downside targets keeping one thing in mind -this setup is not for traders who are expecting big moves up or down-which it will start only once it moves above 414 or goes below 325.
Higher possibility is downside going into April- May2017 where it should settle down. That all happens if we get a chance to sell close to 425 -holding as resistance on top.
Jumped exactly from 324-325 the zone mentioned in the update- to current price@353- Wow!
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ