We could see breakdown to trendline, if the price fails to bounce back, we could see 4345, 4285 and 4230. Conservative entry should be below 4390. Regards
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Levels mentioned on chart... Comment your views...
Bullish above 23720 for the targets 23860, 23980, 24120, 24360, 24580 and 24660. Bearish below 23560 for the targets 23420, 23260, 23080, 22850, 22700 and 22540.
Sustaining 11780 - 11820 will make the price to move towards 11860, 11940, 11980, 12030 and 12090. Bearish below 11720 for the targets 11660, 11620, 11580 and 11520.
Support will come at 164 if this bearish trend continues.
Astec has broken a good support last Monday big time. If it recoups in a couple of days, the early December target will be 1300, else we may see it will drift to a level of 800 in a month, where a support is there
-0.11020> 0.010802>0.010329 for short 0.010300> 0.014519 for long Roadmap VET
The upper range is 2500-2600 for the coming week. If it breaks the lower limit of the channel (CMP), then we may see a bottom at 1980-2000 in a a couple of weeks. Long term target as was told earlier, remains at 3500 and higher.
380 should be the support which is likely to be seen by mid November if the stock keeps consolidating.