According to your analysis, should we hold till it reaches the new resistance set at 11.2 before buying and then maybe short it if it declines?
Theinvestorshub
⋅
@kbindra, yes absolutely, if support level breaks @9 Then short sell.
kbindra
⋅
@amitkolvekar98, How do you determine it's resistance since it breaks the resistance estimated by us and it's quite volatile as seen today?
Theinvestorshub
⋅
@kbindra, Mondays are always volatile. Resistance level which I mentioned @9 is just a confirmatory level for my setup, once the level breaks. You can have a confirmation that the market will be on bull side.
But watch out for fake breakouts
dharmeshb7
⋅
brother how long it can go can we invest at current rate 10.50?
Theinvestorshub
⋅
@dharmeshb7, Depends on the Google's 5% stake in the stock. If it's confirmed it's good to hold for long term.
Wait for the markets to open. Retest support level and buy or wait for breakout