Wednesday, 9 August 2017

AGAIN STAR TURNS FROM BULLISH TO BEARISH


SELL STAR BELOW 985 TGT 970/950 SL 1000

 

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STAR  is bearish. and is forming continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 985, where one may initiate the short position in it for the targets of 970,950 while stop loss can be placed at 1000.as the stock is managing to trade below its 200,55&22 days moving averages with the RSI of 40, In the stock if it manages to sustain above the immediate resistance level of  1000 . then ,It may reverse again towards bullish side. and traders can buy above 1000 for target of 1025/1045 with sl of 950.

DAILY CHART FOR STAR:

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