Follow up from TA CALL Made on 30th April. Indo Agri has broken down temp support at 1.05-1.06 yesterday and closed at 1.035. Currently at 1.035 level which is still below the new resistance at 1.06. As long as it does not break back up above 1.06, possible to consolidate at this lower level from 1.00 to 1.05 and still a bearish view in the short term. Critical psychological support at 1.00, if this level does not hold, we will average down more short positions and take profit around the 0.95 to 0.96 region.
Stop loss at 1.075.
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