Observed a bearish breakout of the recent support line with above 10 day average volume(More volume would have been convincing better- however the major trend is downtrend and the trade is in the direction of the trend).The RSI confirms this by entering into the oversold region of 30 and the Bollinger Band support(lower band) is also broken.The MACD also confirms the bearish trend.
STAR-Bearish Breakout
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Stock Analysis
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Bullish View
Bearish View
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Dear sir
The SL has an error ( may be 1006 not 1060) . Better the entry may be below the exact support level/present closing price. Any way the trade may be successful
Sorry The scrip had broken double SUPPORT and not resistance