I EXPECT THE STOCK TO GO DOWN CONSOLIDATION IS GOING ON WHEN IT COMES TO THE MENTIONED LEVEL THE STOCK FORMS A DOUBLE BOTTOM WHICH THEN STARTS THE UPTREND PROCESS
sell only if retests back keep your stops above the supply zone
after forming double bottom in 4hour time frame...the stock has gone 35 points from bottom so as per Double bottom after the neckline is broken we can enter in a retracement. Now the stock is exactly coming for retracement which had formed a channel like structure in 30 min time frame so stops below the demand zone buy when the channel is broken
there is a clear double bottom which shows that the stock may go for a correction.
Yes it is possible because most of stocks in nifty 50 has shown a reversal for retracement. crudeoil and USDINR staring its correction in monthly time so we can expect nifties 11100 before dec end