Has been falling the past 5 days, with the second green candle today which also broke the previous day high
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it...
SRF has been a strong stock.but might for a short term correction..faces a tough resitance
might test 20 dma.
NOte: this is for educational purpose only.
please give a feedbaack and hit the like button if you like the idea:)
NIFTY is at critical weekly trendline supports. also it is closed below 50 100 and 200 weekly mov avgs.. currenly just below 20 weekly also..
any upmove to 10950 will be a sell.. (trendline from top)..10750 is 50 weekly which also acts as a resitance..
note: this is my personal view only..
This i am looking as Last kiss of the current trend , and i am Looking one more push before the crack
It has two possibility
01) it can make an regular flat and then starts cracking
02) it can expand little more and move to new price level in the current wave and then crack
which one will happen i dont know , but for sure i am looking to sell based on my...