#FREE PANTALOON RETAIL (INDIA) LTD TIPS:-
in today market sell off PANTALOONR share tumbled by news as well as selling!!looks like market doesn’t like in artificial news??technically stock fall down before touching 200 EMA and now trading below 5 days ema.on above chart short and medium term indicators triggered fresh sell signal while long term signal is still green!!
on downside lat bottom support are 145 and then 128.while by our trading system view,below 155 PANTALOONR has targets of 131 and 113.from long term view downside 105 is important support that was low of 2009 while long term resistance will be 300 and that was high of JUL 2011.
as on chart fresh sell signal appeared,stay short or carry shorts for targets 130 with stoploss of 172!!