Talbros engineering.... Rsi going to bearish zone!!!Hello 👋
It's a auto ancillary stock
* Stock is in downtrend
* Trend line break downside, retest & down
* Momentum down.. selling pressure candlestick
* Downside levels marked on chart
* Mutual fund holding remains unchanged 0.01%
* Though profit increased y-on-y.. plus promoter unchanged holdings..stock still looks technically weak
* Currently stock is now at crucial level..as previously it was a resistance from where stock made strong breakout.. currently it's a major support level.
* If stock failed to hold 600, it can be touched it's previous low .. which was 516..
* Also in weekly tf, H & S making.. if it's confirmed then major fall can be happened.. ( around 200 pts)
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you 😊
