Under Pressure
Our Pivot: 183.70
Our Preference: Start short selling from current price and average it out till 180.20 with strict stop loss of 183.70 and profit target at 168.00 and 161.00.
Alternate Scenario: Upward penetration of 183.70 will call for 188.75.
NOTE: ATRL have given bearish breakout of its triangle on hourly chart and now its heading towards expansion of its triangle.
Chart with supports & resistances:
ATRL 35
Level | 1st | 2nd | 3rd | Supports | 174.52 | 172.30 | 169.56 | Resistances | 179.48 | 182.22 | 184.44 |
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