monthly atr is 147 and previous month close was 1443, max correction to be 1296, but it has gone down more than that and currently taking support at 144 WDMA value 1260, is making a prz here where xabc done and d leg to form. and also AB=CD level coming at this area which might not extend more because since last 3 months this stock is doubling its upward journey speed during the expiry week after a sharp fall in the 3rd week.
buy should be initiated after a close above 1275, at least in a one hour chart for target 1, 1300 and target 2 1340 which is 8 dsma. view is negated a close below 1260 in daily chart and wait for 1180 or setting a stoploss at 1275 an aggressive short can be initiated for 1180.
buy should be initiated after a close above 1275, at least in a one hour chart for target 1, 1300 and target 2 1340 which is 8 dsma. view is negated a close below 1260 in daily chart and wait for 1180 or setting a stoploss at 1275 an aggressive short can be initiated for 1180.