As we can see price touch resistance3 times and create triple top here. Also in day timeframe we can see a bearish candle with purely indicate a down fall is coming.
If break the level of 1629 with good volume then we can see a good downfall of 100 points till 1518 level. maybe it takes retracement at level of 1629 and after that a bearish candle's confirmation you can short this stock.
Support lever are:
If break the level of 1629 with good volume then we can see a good downfall of 100 points till 1518 level. maybe it takes retracement at level of 1629 and after that a bearish candle's confirmation you can short this stock.
Support lever are:
- 1st : 1629
- 2nd: 1518
- 3rd : 1451
Ask me anything I am happy to help you.
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra