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1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
one can long in cash only if good candle closes above resistance line as shown on chart with not much upper candle wick. target for long side will be 2554-2667. This range will be our PRZ(potential reversal zone)
Maintain stop loss of 1933 on candle close basis on weekly chart
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The positive pointers to go long:-
CRISIL has made a pullback to 0.236 fib levels, matching the price action support levels at 1900.
The RSI has made an breakout, the price may follow it ( once the declining trendline is broken).
The price is at the upward sloping trendline.
Aggressive trade is to go Long at current levels. Conservative trade is to wait for a...