BANSWARA SYNTEX
#Risky Trade
On weekly chart looks at good support & also at good Fib levels & trading in a channel
Buy above levels 240/242
for positionally Targets 260/280
keep Strict SL 205 CLBS
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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The stock has corrected from its 52 week high and trying to take support at 0.618 retracement level as well as its previous two highs,
Generally these are the levels where a stock sharply rebounds. It would be a BUY call from my side, of-course with a proper SL.
Chart & Analysis
ADARSH DEY
