AS PER WAVE ANALYSIS THE STOCK IS CURRENTLY TRADING IN ITS 5TH WAVE . THERE IS A FORMATION OF HEAD & SHOULDER PATTERN ON THE CHARTS WHOSE BREAKOUT OF THE NECKLINE HAS BEEN SEEN IN TODAY'S SESSION. THE STOCK CAN BE SOLD AROUND CURRENT LEVELS OR A LITLE BOUNCE NEAR 270-275 KEEPING SL OF 395 ON CLOSING BASIS FOR TARGET ZONE OF 245/225/200 .
EXPECT A BOUNCE NEAR THE THIRD TARGET , WHICH CAN GIVE ANOTHER SELLING OPPORTUNITY FOR EVENTUAL TARGETS OF 130 LATER ON.
EXPECT A BOUNCE NEAR THE THIRD TARGET , WHICH CAN GIVE ANOTHER SELLING OPPORTUNITY FOR EVENTUAL TARGETS OF 130 LATER ON.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
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www.instagram.com/mansh_25
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
INSTAGRAM-
www.instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA