Stock looks to have 779 - 796 as a good demand zone. We do have a trendline resistance approaching on the top as well. I would suggest to stay sidelines until the support or resistance is taken out. Beware of the impact due to political instability in Tamilnadu which will have a big impact increasing the volatility of the stock.
Komentar:
Rising trendline is taken out. However I would prefer to wait until 779 is taken out and see a daily close below.