ssudhirsharma11

#SCHNEIDER ready to give electric shock above 242

Long
NSE:SCHNEIDER   SCHNEIDER ELECTR
Weekly chart of Schneider is looking bullish supported by great volumes during last week. I am waiting for some cooling off and pullback towards 169 and 152 to add 33% qty each at both the support levels. If price spends some time near 170-197 zone then we can plan some entry in this zone itself. And if it gives 2 consecutive closing above 200 then 240 is on the card which is 2015 resistance ATH price.
Keep eyes open, respect risk, happy investing.

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.