The downside is well protected by the horizontal level around 177 which can now be expected to act as support again. The major support level around 182 to 177 which was tested as support over the past five months. The major target near 217 in sight, with intermediate resistance to be expected around 202. The RSI Momentum line moved below buying zone and MACD is indicating to buy. So according to technical view, buy from 182 to 177 and Selling target will be 202 to 217.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.