Rsi cooled off very sharply, either can bounce from current level 1800 or can take support of EMA200 and avwap near 1730 and bounce, time to add pvr on each level, expecting 2600 before new year, as inox pvr merger ahead & FII increased their stake in recent quarter. Final sl can be the red dotted trendline connecting bottom.
Kommentera:
should not touch1770 and close above it and give one green candle here would suggest start of wave 3 in pvr (weekly chart)..can put 1st installment in there 2nd on above 0.618 % retracement and 3rd on breakout of recent swing high.
Kommentera:
just now it came below 1770 ...so wave mentioned above becomes invalid...now can seek support near 1740-1750 range...