Prices today managed to close above two important levels, first above a major resistance zone of 204 level, next above the Neckline level {208} of Inverted Head n Shoulder Pattern, with upward target of 30points from such neckline level. This price movement is accompanied with more than above average volumes too, hinting towards further upward movement. Better to Buy on retracements.
BUY till above 204 Level with Stop below the Support Levels, mentioned below. Book Profit near
resistance zones mentioned, below.CMP – 204RESISTANCE – 208, 211, 217 SUPPORT – 204, 200, 195
No comments:
Post a Comment