Yes trend is down 1st res. 5292 crossed then 5328 and 5358 are three maximum levels on the upside but market can tern down from the morning session it self my lower target is 5190 in between supports at 5241/5220
Next weekly close below 5190 then entire trend turn weak look towards 5050..4900
5360 upside break out ...5190 break down.. or market may get in to this 150/200 points sideways range..till middle of this month.
The stock is in a clear down trend. Should breach the previous lows and head much lower. It should be heading to 60 in the medium term. Eventual target- 42. Let me know , once it gets there.
Low 5243. close to my 2nd sup..5240 if this level breaks will see 5222/5204 spot.
ultimately 5190 is the destination....... hope nifty holds 5240 and make some intra day bounce towards 5260/5270.......unless spot crosses 5292 trend will remain weak..
As expected made sharp bounce of 30 points in 30.mts. from 5243-5272 still trend is down..
crosses 5274 some sign of recovery under way.. 5292 will decide the short term trend.
