CRISIL Ltd. - WIll it break the downtrend? I don't think so!!CRISIL Ltd.
The stock is trading in a downtrend and recently bounced from the DEMAND zone.
Likely to see fresh momentum in the stock above swing high of 1475-1490 level. The next resistances are 1500, 1542 & then 1600.
Technical parameters look neutral as of now.
However,
****TRADINGEDGE TIME-TREND INDICATOR IS BEARISH****
****TRADINGEDGE BANDS ARE IN RED ZONE****
So, following the system, I am bearish.
If the prices breakdown 1350 levels with Volume. The prices might swiftly move to 1250, 1175 levels.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
