Similar to others, this stock also nose dived in March 2020 and after that it was on a consolidation mode within 35-50 range.Once it breaks Rs.50 levels it has the potential to move upwards.No chance to touch Rs.5 levels even if Corona virus intensifies.
swapan-choudhury
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@meetmrjohnmathew, In my previous idea that I posted on 13th October, according to that idea stock price has dropped by less than half. I am not a fortune-teller. Your guess may be right and my guess may be wrong.
namankumar_
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how did you analyze this??
swapan-choudhury
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@namankumar_, This analysis is based on the Elliott wave principle.
revealfinsev
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how did you concluded this
swapan-choudhury
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@revealfinsev, In my previous idea which I posted on 13th October, I predicted the level of the third elliott wave, so I am hoping 5th wave to the level of Rs5.