The counter is trading in the range of its downtrend channel. It kissed the upper trend line of the channel and formed a Pin Bar Candle Stick on a daily chart. It has closed above its 20 Days EMA and now trying to cross its 50 Days. The counter can now either move out of its channel and commence its short term uptrend or failing which the counter may continue to move with the confined range. Intraday Traders can take exposure as per the below mentioned levels.
Buy Above Rs.125 SL 123 TGT Rs.128-130-133
Sell Below Rs.123 SL 125 TGT 120-118-116
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