stock is in down trend chances of another break down is not ruled out one can look into this stock at current levels for a target towards 121/118 with sl placed around 127
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trade not active till now
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first target reached
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revise sl for second target
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stock close to levels mentioned
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target reached exit position
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NamantSatiya
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i hope you know the stock is currently tarding next to strong trendline support levels,and once resistance once 127 is broken we can easily see 132-132.
so watch out before going short.
Have a look at my post on nmdc.
bearishbull1968
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@NamantSatiya, thank u for your update. hope u went through the chart i mentioned break of the support u mentioned
bearishbull1968
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@NamantSatiya, haven't pulled the trigger yet bro, thanks
bearishbull1968
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@NamantSatiya, checked there was no post from your side
NamantSatiya
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@bearishbull1968, Yes its a strong support and even on the weekly charts its on the support.Currently the 20ema is acting as resistance
so watch out before going short.
Have a look at my post on nmdc.