Prices had earlier breached the 200EMA zone & till date failed to cross it. Current price pattern suggests
that there might be a breakout above this average. This is because prices are in a process of forming
Inverted Head & Shoulder Pattern whose Neckline breakout level is at 1255 with Upward target of 185
points. Today’s volume is much more than above average too. Can enter now either on retracement or
when closes above the Neckline & important resistant zone of 200EMA level.
BUY on retracements near 1233 level OR when closes above 200EMA level of 1261 with Stop below its
previous Support zone, mentioned. Book Profit near resistance zones.
CMP – 1243.RESISTANCE – 1254, 1260, 1281
SUPPORT – 1233, 1225, 1208
तू म चा सा ठी ------->
