ANGELONE
We can see its almost 36% fall from recent high that was made after its good financial result for Mar 2022.
As per its historical trend we will see the reversal around 41% fall.
If we consider this then if it falls further from 36% then at 1221 price range we will see a reversal.
Also its taking support from 200 EMA.
Also as per RSI its going in cooling zone and will see bounce in near week...
For long positions:-
1) Buy on Current position (may take a little bounce)
2) Buy on 1221 (may take a little bounce)
3) Buy on 1092 (this is the strong Support from long time from here we can see the consolidation and then we can decide further)
All above mentioned positions are as per the today market session, please adjust it as per your buying price.
That is how much profit or loss you can handle