this was a major profit-booking
nothing wrong with the market
keep it if looking for a long time
good chance to take an entry in it
my recommendation is to buy only after it comes above 4640, there may be further profit-booking
wait till it crosses 4640
In my view, it is an excellent time to take entry into HSCL and hold it if having.
The trendline in the weekly view seems very strong, and the upper boundary will be achieved and may even break.
May trade in this range for some time
My target will be 48000 to sell and 45200 to buy with a stop loss at 44400.
All this is only my analysis and is for study purposes. Please don't take it as a trading suggestion.
I break the upper line
then a big target of 224
sell if break the down line,
means for correction.
most probably it will trade in the channel
and the lower support is much stronger than the above resistance