L&T , short ??

L&T forming resistamce at 1172

Indicators :- DEMAND INDEX showing Bearish divergence.
RSI showing Bearish Divergence.

Indicators are just for confirmations .

If the market favours then , sell below 1160.5 with a target of 1145-1141
If breakout occurs then , buy above 1172 with target of 1190-1199
Beyond Technical AnalysisChart PatternsTrend Analysis

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