Some opportunity in place for F&O fanboys & girls

As seen above i have clearly marked the two support lines one for people who want to keep strict sl and 2nd one for risk taking people . The stock given decent volumes but good delivery after AGM has cooled off the volatility. Immediate resistance can be seen as 1404 which is closer to 200sma that is 1404-1405 levels, which wont be easy to break post which we can see 1450 levels.

Disclaimer : This is not a trade recommendation but just my analysis based on technical analysis. Kindly do your analysis before taking position in the stock

Trade ist aktiv:

The stock failed to break the upper resistance bar as marked in the chart and ended up taking support of the bottom marked line. Tomorrows movement will give a better idea of the stock movement

Trade ist aktiv:

What a move by the stock took the resistance out like a charm . Can be traded further with sl kept. resistance 1460

Trade geschlossen: Ziel wurde erreicht:

All the targets achieved couldn't sustain the high