After showing wide movements, Now Britannia
is narrowing its range
which doesn't suits its nature
Target on upper side is at 1340
and downward its near 1260
but as usual, if you wanna play risky then
buy at lower lip of mouth of triangle for a 2% move
As asian paint continue rising in such market also making all time high now most of positional trader don't know which position to take as per weekly chart view a closing below 1620 on week closing basis will take this share toward 1500 and 1450 so be cautious before taking long position
One more think which i notice is that rsi is moving toward over bought zone...
Indigo is showing a good upside move for past 3 days with resistance at around 1485
so for today lower the timeframe to 3mins and apply any tsl based script and ride the volatility
In case you dont have any tsl script then apply supertrend.