SEARL The Searl Company Short term analysis 22nd March 2021

Under Pressure
 
Our Pivot: 260

Our Preference: Short sell below 254 and average it out till 257.75 with strict stop loss of 260 and profit target at 246.50 with extension towards 240.

Alternate Scenario: Upward penetration of 260 will call for 263 and 267.

NOTE: SEARL is moving in bearish price channel and right now its being capped by a strong horizontal resistant region.

Chart with supports & resistances: