It has been observed that the price action corrected sharply from the 340-320 levels and deeply went down to the previous support zone at 200-210 levels where now buyers coming and volumes increasing. Overall, indicating an upward move ahead. It is a sound company fundamentally with profit growth of 43% for last 5years. Currently, trading at low P/E.
@mail2luckymen, Yes, the probability is to go up as the trend is up. If it breaks below the support zone then the trend shall change. Thanks
jayadeepreddy
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Wrong entry point or this fall was expected?
NeeteshJain
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@jayadeepreddy, Yes, we entered early in high anticipation of consolidation breakout but it seems like the price action is still consolidating near support zone. Thanks