SEARL The Searl Company Short Term Analysis 11th Feb. 2020

Downside Prevails

Our Pivot: 179

Our Preference: Start short selling SEARL between 174-175 with strict stop loss of 179 and profit target at 166 with extension towards 163.

Alternate Scenario: Upward penetration of 179 will call for 184 and 187.

NOTE: SEARL have given breakout of its daily triangle in downward direction and now it's expected that it would try to expand that inside a bearish channel.

Daily Chart with Supports & Resistances: