1) Head & shoulder on all time high
2) RSI oversold
3) CNX Auto at 52 wk low
4) Though volume no are good in CV side but price is not reflecting it --- are missing something? Are at peak of earning cycle or derating due to change in cost of capital
5) If crude goes upto 90-100$/bbl and INR to 80 then only stock can be shorted
5) In my view stock likely to bounce...
ASHOKLEY break the previous trend Keep watching the retest zone
If it does not break down. Trade Long...
ENTRY 129 to 132
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