1. Good break and retest of resistance which is used as SL:200 2. Retest level co-inside with 20ma and 200ma 3. 20ma is rising so we are in buy on dips mood. (as discussed in earlier moving average post) 4. Earlier resistances 250 and 280 are now our target 5. Good volumes in green weeks means good buying at lower levels.
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Price drop to 200. Now it shows strength risk reward ratio will be very favorable.