THE LEVEL ACTS AS A RESISTANCE .. SEE HOW THE CANDLES PERFORMANCE BOTH IN UP AND DOWN TREND. IT MAKES A RANGE BOUND IN THESE LEVELS. SO ON MONDAY (JUST INTRADY CALL) GO LONG ON THE STOCK AROUND 525-535 STOP 520 FOR TARGET OF 570... FOR POSITIONAL THE STOCK ONLY CAN BE BOUGHT ONCE IN CLOSES ABOVE 590 ON DAILY CHART. BUT THE SCOPE IS THE STOCK IS BEARISH. SEE THE DECLINE IN VOLUME.
POSITIONAL SHORT .. GO SHORT @570 STOP @ 580 FOR TARGET OF 490
**** KEEP NOTE OF NIFTY .. IF THE NIFTY IS BELOW 10990 DONT OPEN LONG POSITION ON THE STOCK...
POSITIONAL SHORT .. GO SHORT @570 STOP @ 580 FOR TARGET OF 490
**** KEEP NOTE OF NIFTY .. IF THE NIFTY IS BELOW 10990 DONT OPEN LONG POSITION ON THE STOCK...
Comment:
the stock came into the buying range.. buy for a target of 570 stop below 525
Trade active:
he stock came into the buying range.. buy for a target of 570 stop below 525