Schneider Electric Infrastructure Ltd:127.50 is at the brim of a descending triangle
probably poised for a break ,based on indicator signals (weekly chart). support: 101
On the other hand, it has a Positive Divergence in daily RSI, if sustain above the level 130,
it can trade within the triangle, and make move to resistance :156
I am looking to buy on Dip till 119 and with stop of 115 this stock is currently at the area of turn around
I advise look for reversal sign like Bottoming tail or Bullish Engulfing in Half hour Candle and can step in on the investment
The stock is below the 52 Week low so its time to hop in
My conservative Target would be 157 as an investment
Stock is in downtrend but near very important Fin Support.
One can expct bounce from this area, If already invested then keep a SL on close below 119.
Try to exit on rallies, Traders can play the bounce for target of 150.
But view is not very positive.