Stop loss:- 118
Time Horizon:- Intra day
The stock had a good run up from 95 level to 125 level, Now its facing stiff resistance level and retracement level is seen on the cards. 50% of the retracement that is till 110 can be seen in intra day that is on 16 April 2014.
MACD histogram can see bit of contraction where divergence is almost near and oscillators are showing over bought position. And the stock is taking reversal from the upper band of Bollinger band. On volume chart the, selling volume is increasing can bring the stock down to 110 in intra day.[for detail report call @ 080-6 999 999 2]
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