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The advance the stock had made in the last few weeks seems to be

The advance the stock had made in the last few weeks seems to be corrective rather than a attempt to move up. As of the stock has taken resistance at an resistance level and formed a dark cloud cover. A move below 243 will aggravate selling and the stock may test 238, 235 & 227 level. However a move above 251 will negate the bearish view and the stock may render into sideways movements again.
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Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
prorsi.com
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