1. TS is moving in an upward weekly channel and gave a rejection at channel resistance.
2. It has a made a high near 572 , where weekly is around 570 - 575 level.
3. It is forming a candle on July month's candle. Although 31st July close needs to be checked for that :)
- Quarter results are yet to be declared, in the last quarter it gave super move.
- Longs can be initiated above 575 level.
- Positional short can be created with the stop loss of 575 for the targets 525, 509, 490 zones where correction can take place.
Kindly share your view on it.