Prices today have closed above the Trend line Resistance Level of 110. This trend line had earlier acted as a major support & recently as a good resistance point too. This reflects the importance of such trend line.
Today’s price movement is accompanied by good volumes too. Prices trading way above 200DMA level too. Now Buy on dips BUY till closing is above 110 level with Stop below its previous Support zone, mentioned. Book Profit near resistance zones.
CMP – 115
RESISTANCE – 116, 120, 124 SUPPORT – 112, 110, 108
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