Key Points
Index shied away from 20k by few points before heavy selling pressure observed on last trading session of the week due to disappointing results by IT sector..
On weekly chart, Index has formed shooting star pattern and it is showing buying climax symptom but it need to breach support level to validate its implication..
In the recent context, stock is retesting the breakout level followed by breach of falling trendline which is bullish continuation sign..
On higher side stock has immediate upside potential up to 260 level and in midterm it can improve up to 300 level...
Stock offers a short opportunity at current level with stop loss of 3350 level and downside potential can be upto 3200 level. . . Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments?.
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