It will take time to reverse and hence duration : 10 weeks Sl compulsory
Sl 5% from 830 levels Need to wait for entry at 830 to 860 zone
sl as indicated funda weak... purely technical. only 1% of total capital.
As per the visual appearance of chart looks that 1.it may prolong towards 13750 as Wave C corrective wave and 2. same level is also a weekly 25 ema support area. Nifty has not touched the 25 ema in weekly charts since more than 10 weeks. It may or may not take support at 13750 in coming month. 3. 13750 also the 1.618 fib level 4. Otherwise big round number...
SL compulsory This is also risky because HSP is obvious, clear and visible to every one. Hence Sl compulsory
Sl 30 pts near double bottom
SL as indicated for 2 days only
Sl as indicated for 3 to 7% only duration 5 to 10 days