1) MAJOR DOWN TRENDLINE ACTED AS RESISTANCE AT RECENT HIGH OF 274. 2) STOCK IS TRADING IN HIGH CONFLUX AREA OF TRIANGLE PATTERN. 3) IT IS ALSO INTO A-B-C CORRECTION, RUNNING WAVE A WHICH MAY END AT 218. THEN WAVE B AT 50% RETRACEMENT GIVES TARGET OF 245. AND THEN WAVE C WILL TAKE PRICE TO 189 BREAKING SUPPORT TRENDLINE. 4) AVOID LONG TRADES. SHORT TRADES MAY BE ENTERED AT END OF WAVE B KEEPING STOPLOSS AT START OF WAVE A.
PLAN YOUR TRADE ACCORDINGLY.
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSE AND NOT FOR TRADING.