This fooling around rally happening in biocon should fade & stock would correct severly in next few months.
Comments
Singh_Siddz
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Agree, at best it will create a double top and fallllllllllllllll
trade4cast
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Appears to be in elliot third wave, it could move upwards...
Akshay15
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@trade4cast, It's good to see that retail crowd still interested in buying, Big guys will get a getaway at the expense of small investors which always happens
RakeshShah
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My difference is that it is making a New high then consolidating(retracting a part) & then once again resuming its upward journey..you can see in the graph on three occassions..take ur own call & as per fundamentals only first level is crossed & many many more are to come
Akshay15
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@RakeshShah, It's good to see that retail crowd still interested in buying, Big guys will get a getaway at the expense of small investors which always happens