In weekly chart price breaks Bandbollinger bottom and indicators are look weak. Head and shoulder formation may helps to further decline.
Stoploss above 425 on closing basis.
Narrow bandwidth in Bandbollinger band, above avg line in BB band,Rsi positive,MACD line crossover in weekly chart, ADX positive in dialy chart also will helps to move further levels on upper side.
Targets are from trend lines( not shown in graph)
Stoploss : below 516 on closing basis
Bandbollinger forms a narrow range in weekly chart and Macd lines might cut on coming week. In daily chart ADX,RSI are positive. These indicators may help to break the triangle pattern.
From the trend lines(not shown in the graph) targets are
MACD cut and the Stochastic in over sold region will help to price move up.
Target range is 218-220.
if it breaks above 220 on closing basis, further move up to 227,234.
(see like this SREI infra view on yesterday posted, today hit 5% profit)