This beautiful stock which has a great market demand (especially after EV bubble) has been brought down to a neckline which gets as low as corona level. The length it went up, its now back to ground zero. If you google, the reason for this fall was some pollution compliance issue, which I guess cannot be very long term. Promoters must get the error rectified and manage the political situation.
Now, It has started following this channel. A lot like Wipro. I believe that rock bottom has reach according to the charts and it should move back up.
Expecting 900 to 1100 levels quickly.
*This is only a chart pattern analysis. Please consult a registered stock market expert before investing / trading with your hard earned money.
Now, It has started following this channel. A lot like Wipro. I believe that rock bottom has reach according to the charts and it should move back up.
Expecting 900 to 1100 levels quickly.
*This is only a chart pattern analysis. Please consult a registered stock market expert before investing / trading with your hard earned money.
Trade closed: stop reached:
Today is 7 /29 : 12 46 PM - This stock has fallen quite significantly from the channel. Something major is going on with the stock. Until it settles, lets wait and watch. Hydrogen bubble came in 2012 also so I do not think hydrogen is the reason. Some traders have indicated that some major political game is going on..
Anyway lets wait and watch..
Anyway lets wait and watch..