We will open with gap down on Monday as AL react from 38.2% retracement level of recent fall as seen in chart. Positionally we can short AL with stop loss 54 for Tgts 47.05/44.80/40.65/37.75/32..
Already sold before at 52.5 and bought back at 48.50.
Scared to hold sold position because govt might bring benifit packagae for auto companies
saharshbagaria
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Don't you think because of little relaxation of factories in orange zone and govt pledge to help auto companies it will not go up?
MahendraPrtpIMB
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@saharshbagaria, No ,it will not go up more. Because relaxation of green and orange zone are already factor in prices. And my view is according to technical levels with minor stoploss.
Scared to hold sold position because govt might bring benifit packagae for auto companies