THE LEVEL ACTS AS A RESISTANCE .. SEE HOW THE CANDLES PERFORMANCE BOTH IN UP AND DOWN TREND. IT MAKES A RANGE BOUND IN THESE LEVELS. SO ON MONDAY (JUST INTRADY CALL) GO LONG ON THE STOCK AROUND 525-535 STOP 520 FOR TARGET OF 570... FOR POSITIONAL THE STOCK ONLY CAN BE BOUGHT ONCE IN CLOSES ABOVE 590 ON DAILY CHART. BUT THE SCOPE IS THE STOCK IS BEARISH. SEE THE...
BUY ABOVE 1454 STOP 1440 THE CHART FORMS A DESCENDING TRIANGLE PATTERN ON A BEAR TREND ACCOMPANIED WITH DESCENDING VOLUMES. THE BREAK OUT WOULD BE MOST POSSIBLE ON THE UPSIDE. NEVER SELL THE STOCK AS FAR AS THE NIFTY IS BELOW 10800 AS THE STOCK MIGHT BOUNCE BACK HEAVILY. IF BOTH PARAMETERS OF BELOW 1350 IN THE STOCK AND 10750 IN THE NIFTY IS DONE.. THE SELLING...
