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PUNJAB NATL BANK, RELIANCE COMM LTD, ELECTROSTEEL STEELS LTD., GMR INFRASTRUCTURE, FORTIS HLTH (INDIA, STATE BK OF INDIA
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After Retesting the zone of 397's , expecting Castrol to move further down towards 387's zone. The trade setup is simply based on Support turned Resistance Retest, will see how the trade pans out... !
Descending Triangle pattern on Castrol India and it will break only on downside or if broken in other side is consider as false breakout / pattern failure.
Short below - 396.00
Target 1 - 385.50
Target 2 - 375.50
Stop loss - 405