Kind of forming a Sym.Triangle with possibility of breakdown, as the RSI indicates! A sell on rise candidate around the 3050 - 3070 zone. From CMP, if price breaks below 2970, next stops will be around 2945, 2890, 2850 (best support). On the contrary, the trend can reverse above 3030; and can go upto 30 60 - 3070. A close above 3070, will be a bullish break out of the triangle!
The charts posted by me are only for learning and not for trading purposes! I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published! I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
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Note today's low was 2971. Did not break the specified support of 2970. Let see what happens if it breaks that price!