1) The stock has seen significant correction 2) It is present in a strong activity area from where the stock has previously witnessed support and resistance 3) The stock is also taking a support from the trend line 4) It is also retracing from 0.882 Fibonacci levels
Interested traders can look for confirmation by waiting for the price to breach 165 levels before taking the trade Tgt 202 Sl 152
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Order cancelled
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Since we didnt get a confirmation, so the above trade stands cancelled for the time being. However, we can still look out for the trade given it dosent breach 147 levels