Short View:
Can sell @ cmp 380 zones with SL 392 CLBS for target 340.
Long View:
Strong support near 330-300 zone. If taken support in this zone. Can bounce till 390 again. Once closes above 400 it can reach 420-480 as medium term targets..
It looks like a falling wedge breakout if happens..
SL closing below 300 will be disaster.
Note:
I am a Learner & practicing chart reading.
Experts can correct me if there is different opinion.
Can sell @ cmp 380 zones with SL 392 CLBS for target 340.
Long View:
Strong support near 330-300 zone. If taken support in this zone. Can bounce till 390 again. Once closes above 400 it can reach 420-480 as medium term targets..
It looks like a falling wedge breakout if happens..
SL closing below 300 will be disaster.
Note:
I am a Learner & practicing chart reading.
Experts can correct me if there is different opinion.
Trade closed: target reached