Stock has nearly corrected itself between 10 to 12%
Now approaching an area which is a support in Daily / Weekly / Hourly as well
Expecting the fall to stop here for sometime go side ways before turning back up (depending upon the market situation)
Or may continue its journey downwards again
Lower TF confirmation (15 Mins) is compulsory to enter the trade
Downside final support can be accounted as 2850
If takes support it can easily go back up to 2955 - 3020
Volatility is High. Trade is against the trend, so trade cautiously
Now approaching an area which is a support in Daily / Weekly / Hourly as well
Expecting the fall to stop here for sometime go side ways before turning back up (depending upon the market situation)
Or may continue its journey downwards again
Lower TF confirmation (15 Mins) is compulsory to enter the trade
Downside final support can be accounted as 2850
If takes support it can easily go back up to 2955 - 3020
Volatility is High. Trade is against the trend, so trade cautiously
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.