We shall wait till a trend gets going in the ohter direction.
Wait and watch as hourly timeframe has been bearish (can't upload image) Also. the prices have just touched the resistance should be expected to mobe towards the support. (currently at midline) Wait for lower channel line to enter
ICICI Sec: buy target 342 Should wait for Breakout pullback long before buying. Targets: Midline and trend channel line.
Emkay Global: Buy. 779 DON'T BUY!
Motilal Oswal: Neutral Target 40 Buy when prices retest downward channel or yellow trendline.
Motilal Oswal : Target 120 Buy when it tests the trendline and forms bullish reversal bar. What is a bullish reversal bar on retest? Shown on chart Why imp? 1.Momentum 2.Stop Placement
Again those midlines. Now we have a weekly uptrend. The channel has a midline. The prices have breached it once, bounced off it and have closed below it on Friday (8th Aug,2020). Stay away from buying until a proper signal is seen. Shorts eager to enter must mind the measured move is yet to trigger.
Recommended by ICICI Securities with target of 480. Trendlines give the buying point
The upward trend channel has been broken. The previous upmove failed to reach the the trend channel line. Weakening of uptrend is underway. Range can form between 21000 and 23000 levels.