cmp 193
sell tgt 181
SL close above 200,
All prices on closing basis
Price action suggests selling pressure (red zone, supply zone) at higher levels , so price has consistently refused to close above 200. Also the gap needs to be filled before start of a next upmove.
Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
sell tgt 181
SL close above 200,
All prices on closing basis
Price action suggests selling pressure (red zone, supply zone) at higher levels , so price has consistently refused to close above 200. Also the gap needs to be filled before start of a next upmove.
Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome
Trade closed: stop reached:
Exit, in fact now it can be viewed as Flag and pole pattern with breakout of the flag. Potential target, Rs 245