Amatuer_Sanjay

Amatuer_Sanjay

Buy @mkt price say 1287Rs SL: below 1252 Support line say 1240Rs Target : 1415Rs Risk to reward Ratio = 2.7 Note: W pattern formed indicating reversal of trend. So previous down trend broken and up trend has begun. So the stock for sure will rise. Also the resistance line broken and hence it will act as support line in worst case. Good stock to book profit....

Amatuer_Sanjay

You can see that NIFTY is near resistance line and an evening start is being formed. So definitely it is gonna go down. Since the Resistance line and support lines are diverging, the volatility of market is increasing. So be careful when you take any stock sin coming weeks as index is going down and it impacts the sentiment of the market.