CROSSED THE RESISTANCE AT THE NECK LINE OF 114.9 WITH EASE AND WITH VOLUMES.
IT IS NEARING A RESISTANCE AT 138.
DO NOT ENTER AT THIS POINT.
SUCH A VERTICAL MOVEMENT CALLS FOR PRECAUTION.
WAIT FOR THE NEWS WHICH HAD MADE SUCH A BIG BREAK OUT. THEN DECIDE.
just for watching as it does not have a future option , and it's a positional trade.
short below 89.10 after it touches 91.60
SL - 94.15 , if it crosses 94.15 after crossing 91.60 then avoid
Share has made Rounding Bottom Pattern (indicated in graph). Last Candle that Share made in day graph was MARUBOZU (shown in green box) with good volume. In week graph, BULLISH ENGULFING pattern has been formed after downward price movement. Share price will go up now.