17TH JULY IBULHSGFIN TRADE SETUP

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Take with the support and resistance line drawn here. and place you stop losses and targets according. Take a long position if the price gets a support and set your targets near next resistance and vice versa for short positions. Well the weekly chart has engulfed green candles of last three weeks with a big red candle, so the stock looks weak. Technicals are giving neutral signal so trade cautiously and place strict stop loss.