EngroH is going to form an M pattern for which it has to take a bounce and then will fall back.
Bounce can be expected to Fib-0.618 (212) or Fib-0.786 level (245).
RSI and Stoch are in recovery phase. MACD still bearish.
Playing on levels should be prioritized with trailing stoploss once it reaches 212.
Exit should be planned near 245. Staying long can be fatal.
This is my personal opinion, not a buy / sell call.
Bounce can be expected to Fib-0.618 (212) or Fib-0.786 level (245).
RSI and Stoch are in recovery phase. MACD still bearish.
Playing on levels should be prioritized with trailing stoploss once it reaches 212.
Exit should be planned near 245. Staying long can be fatal.
This is my personal opinion, not a buy / sell call.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.