Breaking down after consolidation, the stock has now hit the Trendline support at around 900. Also 38% Fibonacci levels coincides at the same price and 900 being a round number, one can expect a move up at least as a pull back for a greater bear trend as seen in chart.
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Constant support on trendline on daily chart
20-dma providing support constantly
today there is a possibility of 20-dma crossover 50-dma
FUTURES TRADE NOV/DEC
INTRA-DAY TRADE
BUY@71.35
STOP@70.35
TARGET@73.85
IF BREAKS 74.5 AND CLOSES ABOVE
BUY@75
STOP@73.80
TARGET@83.85
LOT:5500
QTY:1
