Red line is resistance or consider as a target for coming days view.
Green Line is support or consider as Stop Loss if price crosses down it.
Please view the chart for the same.
self explanatory simple chart ..
chart pattern and trend and price movement..
market alway risky confirm at once end fundamnetal techno before observing it.
posted only as to learn technical through sharing.
Meera Industries
Cmp - 99
Stop - 60 on DCB
Expectation -
T1 - 160
T2 - Open, Review at 160
Expected Holding Period - 80 trading days or earlier for T1
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
If swing low is not breached we may expect 67/84/100 in this counter but the concern is liquidity issue and huge lot size. This is an SME stock with decent fundamentals
