Trade Setup: Weekly and Daily: Excellent breakout from multi-year resistance with bullish candle (negligible wick) and huge volumes. Taking support at trendline. Entry = invest 25% now, and invest rest on retracement between 6000 INR and 6200 INR. SL = below high volume candle (weekly TF) ie; 5290 INR Target = 1.618 levels of fib = 7808.55 INR
Buy = 7570 SL = 7315 Target 1 = 8080 Target 2 = 8335 30/09/2021 Bullish NSE:SCHAEFFLER-->Schaeffler India Ltd Buy for short term
Broke ATH looks good on weekly chart and monthly chart, on daily chart we can wait for a pull back and then enter.
SCHAEFFLER INDIA DAILY chart view overbrouhht reached .. looking down further lower 👉
Add SCHAEFFLER at cmp and near 6000 we seen 7777/8888+ view invalid below 4820 wcb. Note : All views are education purpose only.
Schaeffler India - Bearish Bias - Short at current levels