This one scrip explains everything You want to know , the scrip intern sic value has gone down , due to bad debits , and Fundamental value have Gone down due to Possible corruption charges ON CEO , but the scrip is not coming down , the fact is More people are stuck with this scrip , Now everyone one of them want to come out and put the stock on some one with high value , Not on low value , so what happens is live you can view in the Price action , Price have entered narrow range , but making a lower low or indicating next possible low , but the force is not there in the sell volume , it surely indicating that The larger institutions are sucking every sell order only to take this up side and sell it with their rest stock at high price , buying for sure its not advised , One can look for brake of 278 , if they brake it strong then you can expect them to complete one Corrective pattern which is due and will complete after making till 296/300 , and if they reverse form 278 expect them to come down very fast and look for covering the Future short sell near 245 , I see many Tweeter account are giving this as sell , so very likely it will move up and then expect a sell set up ,
Good luck
Good luck
Trade active:
We should look for sell set up near 278
Comment:
We Could not sell , but the price have moved down , we still expect the price will move up once , if failed to move up then we will look for different set up
Comment:
Manage to add sell at 273.50 in Futures with open so far 268
Trade closed manually:
We are closing our trade form 273.50 to 268 and we will update on Monday
We are closing all our short position
We are closing all our short position