Stock is trading range-bound since long & has hit its lower support trend-line recently. Stock is looking good on charts for rebound after recent fall in crude oil prices, however levels of 259-261 can work as minor resistance. A close above this range will attract fresh money for another 5-15% move in coming days. Stock has good support near 252 and stop can be placed below 247 on closing basis. Have a look at daily chart where all the technical indicators are showing positive divergence. To learn how to draw trend-lines and find possible levels for a good bounce or breakdown/breakout learn technical analysis with us call@07737093555. Next Batch from 28 November, 2017. For details visit our page Learn and Earn .
