All levels are marked on the chart.
3600-3580 IS ACTING LIKE A GOOD RESISTANCE; SELL NEAR THAT LEVEL.
HEAD AND SHOULDER IS FORMING
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Looks good for intraday, enter at CMP or between 3590 to 3600 with strict SL of 3580 for target of 3690. It makes good RR 1:3 at least.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
3200 was a good support/consolidation area for this movement, one who bought this script at support level then already 400 points profit and if we are not interested in this breakout one can book this profit else can wait some more time for breakout with confidence because already it gave 400 points profit.
On friday it has broke its all time high and closed at it days high. breaking it resistance and above it. Breakout traders can go long and pull back traders can wait for it to retest at weekly resistance marked in Yellow. Keep your stoploss below the previous hour low. A decent risk reward ratio of 1.3 can lead to a target of 3225.