buy MUNJAL AUTO above 81 close only sl 69 target 102-122
technical chart study
as per long term chart we can see that, its able to move above long term resistance level recently, which can indicate that stock can move faster now.
its also taking support on trendline.
recently it has given a “DOUBLE TOP” near to 81 level.
last session it has given a “STRONG BULLISH CANDLE” which can indicate that price is still strong.
as per rsi it can give “NEGATIVE BULLISH DIVERGENCE” if price able to move and close above mention level.
so basic indication is if cross the level then hold with mention support if able to give strong close as per expectation.