Strong consolidation for few months now
This stock has seen some strong conso for some time now and the fibo level 0.5 re traced from earlier big rally.
Decent volumes have been spotted today with only 1 hr of market passed by. Could be a breakout from a stronger conso and dint participate in the recent rally of small and midcaps.
As a technical analyst for me the medium term sl looks at 299 on weekly closing basis. On fundamental front i havent analyzed the company
Disclaimer: This is not a buy advice. One may conduct their own due diligence before buying the stock.
Decent volumes have been spotted today with only 1 hr of market passed by. Could be a breakout from a stronger conso and dint participate in the recent rally of small and midcaps.
As a technical analyst for me the medium term sl looks at 299 on weekly closing basis. On fundamental front i havent analyzed the company
Disclaimer: This is not a buy advice. One may conduct their own due diligence before buying the stock.
Comment:
Strong breakout after massive consolidation. some relief in terms of ASM also observed as per updated list. Hence some extra move. holding for another 10% here. sl 399 on closing basis
Trade closed: target reached:
Sl took down sadly but subsequently target reached