goderej agrovet lim gives upside move so for short term trading here is good opportunity to go long position.
Entry point @ 670
Target @ 720
Stoploss@ 640
From the graph it is clear that JSL faces a big resistance of its 52 weak high 168.40.
JSL perform in channel also from few weak. Here is high probability for JSL to give breakout of level 168.40 and form new high in this weak.
So here go for long position aftet breakout confirmed and hold your position some day.
according to elliot wave theory, Nifty complete its motive wave 12345.now nifty is in corrective wave ABC. So here we see in upcoming day nifty will go down 200 to 300 point.
Here we see a strong trend line which is act as big support for nifty. So nifty touches the trend line in upcoming few day.......so market sentiment is bearish in upcoming days.
Note - If...
Nasdaq is at support level.
If support level is break then nasdaq go down with good momentum and here take short position.
If nasday testing the support zone and bounce back then go for long.
Long position @ 15560
Stop loss @ 15520
Target @ 15680
Short position @ 15510
Stop loss @ 15560
Target @ 15390