Charts speaks everything
i have provided the next possible move & the past of the chart as well
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COMMENT Below your view !
IT companies which have been giving an amazing rally for about past three - four months have been getting a correction. Most probably there could a gap down opening because rupee is getting weaker that is something bad for the company. Watch out the levels.
This is a simple trend line set up, with a very good RR.
With the large intraday correction, the prices are good for entry, and may see further upside.
Buy below 180.
SL @ 170.
Target @ 200.
The horizon for this trade is 2 weeks.
Ppl didn't trust me when I was gunning for 30400-500 area from Muhurat day, but now BNF has done it and done it in style on expiry. Trapping many shorters, I hope at least those who followed had some profits. Anyways, thats not the point now, whats next? I expect it to correct till cloud and then bounce back, remember that it is expectation and it may also decide...