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Downside Prevails
Our Pivot: 179
Our Preference: Start short selling SEARL between 174-175 with strict stop loss of 179 and profit target at 166 with extension towards 163.
Alternate Scenario: Upward penetration of 179 will call for 184 and 187.
NOTE: SEARL have given breakout of its daily triangle in downward direction and now it's expected that it would try to expand that inside a bearish channel.
Daily Chart with Supports & Resistances:
SEARL 12
Level | 1st | 2nd | 3rd | Supports | 99.36 | 97.11 | 93.57 | Resistances | 105.15 | 108.69 | 110.94 |
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