Amtek Auto Final Support 41 ~ 42..........
Nothing wrong in this fall.......fall is as per level...but...it was extreme fall..
Message is, it has never crossed/reversed the previous level.....so...trend was falling....
Once it cuts previous level, it has reached the next level..never ever reversed previous level..hence, our clients will never buy in between....
Now....42 we may try for reversal (since, it was our last level)....again s/l is 37.40 closing basis.... (nothing wrong keeping Rs.4.60 s/l, when you try for buy in the bottom)....This is a calculated risk...
Always remember s/l is must.....S/l is always protect your capital....we must practice....
Take Care....
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