Took a good trend line support made a jump of 16 points from 549 to 569 approx. Also broke the trendline today making low of 543.
As per trendline analysis it looks like selling has good oppurtunity if open without gaps.
Support at 543 if broke then Target : 537
Resistence at 553 if fail then Target : 543
For more random analysis like this please follow &...
1. Consolidating in a box having area of 20 points
2. Retracement done from high to low (0.5 fib level)
3. Double Trendline Resistance
4. Decent delivery percentage (around 43% on 14/ 05 /2021)
TWO STRATEGIES :
(1)
Buy above 204 for a near term TARGET OF 215-220
SL - 199 (daily closing basis)
(2)
ACCUMULATE TILL 0.618 fib level.... a good move till 240 can...