Observations:- * Trading near fibbo 50% support zone * Taking trendline support * Consolidation & range formation possible between 240 – 300 zone *Weekly 200 SMA strong support * Dry volume seen. So Quick move may be possible * If sustain above 290 then good upside possible
Resistance – 300 / 330/ 355 / 400 / 439
Support –270 -240 zone & Weekly 200 SMA
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.