11:30 AM IST: Have added alternate scenarios:
Scenario 1: Direct fall to 11930/11850 below 12083 if 12273 resists. (primary scenario)
Scenario 2: Can make new low and take support of 12055/12021 n reverse back to 12200.
Scenario 3: Takes support of 12200 n go back to 12400+ to make new highs.
CMP: 12132; Res: 12273/12434; Sup: 12085
As long as the above resistances hold, we can see 11930/11850.
Scenario 1: Direct fall to 11930/11850 below 12083 if 12273 resists. (primary scenario)
Scenario 2: Can make new low and take support of 12055/12021 n reverse back to 12200.
Scenario 3: Takes support of 12200 n go back to 12400+ to make new highs.
CMP: 12132; Res: 12273/12434; Sup: 12085
As long as the above resistances hold, we can see 11930/11850.
Can we see 11930/11850. Added alternate Scenario. by ArockiaChinnappaRajK on TradingView.com
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