Sell near 905 with SL of 10 pts, if background market and its index is negative.
For intraday 10 to 20 pts fall expected. (For Swing target is 860).
For Educational purpose only.
Although, it is a down trend, formation of H&S pattern along with higher lows formarion showing the chance of reversal. can look with recent swing low as SL.
MARKET ANALYSIS: The pair has broke the major resistance zone. Now we can wait for a retracement and if the support zone holds on we can see a huge impulse towards the next major resistance level. So lets wait and see what the market does in the coming days. Cheers!
Nothing can defy gravity forever in markets. Grasim industries stock's nonstop run from 3200 to 5400 has finally come to an end. Almost 1000 points, which took around 3 months to gain have been undone in just 3 days. There is a lesson for traders that, no matter how good things look, you need to keep your risk in check. Now let's work on levels which can give...
