SEARL The Searl Company short term analysis 18th Aug. 2020

Further Advance

Our Pivot: 245

Our Preference: Start buying Searl above 250.00 and average it out till 249.00 with strict stop loss of 245.00 and profit target at 257 with extension towards 260.

Alternate Scenario: Downward penetration of 245 will call for 241 and 237.

NOTE: SEARL have completed its correction on daily chart, mean while a breakout of descending wedge have taken place in bullish direction on hourly chart.

Hourly chart with supports & resistances: