I am looking this will make one last drop , I am forecasting it till 66 it can drop below also , there is not rules it cant , but this drop will be the last drop, once they turn around they are heading for 95+ , once you make any entry trial your stops
Price has taken support at 18 EMA.
Bullish candle has appeared after testing the 18 EMA.
MACD is also indicating that the potential trend is UP.
Can be bought above 84.30 and Ideal Stop Loss would be below 18 EMA.
SELL @ 86.60
BUY @ 84.60
SL @ 88.60
EVEN THOUGH MOST OF THE INDICATORS BULLISH, I NOTICED STRONG DIVERGENCE ON THE RSI. STRENGTH IS WEAKENING AND YESTERDAYS DROP IN SENSEX SHOULD ALSO AFFECT THE PRICE TODAY.