Consolidating but bullish
Even amidst prolonged down move and consolidation the scrip is able to maintain a level above 1/4 angle long term and now 1/4 angle short term support. On 26 December, it went down below short term 1/4 angle but managed to recoup immediately the level. In the intermediate term if the stock turns bullish, we may see a level between 4850 and 5150.
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