This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will. ........... See Description For Further Details ........... Stock Has A Breakdown And Consolidating Down From A Quite Long Time. Stock Recently Has Shown Some Breakout And We Can See Follow Though. Buy Above (Current Resistance) -12.05, Target - 17.55
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High Probabilty that Resistance zone will be broken on Monday itself, 15000 crore of Fund raising is equivalent to half of the market cap of the cap, Big upsurge high possibilty
pradumnasaraf
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@udayking88, Ya Hope So, Fundamental And Technical Both Play Role At Same Time
rhjain11
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@udayking88, what is stop loss need to maintain before buying, is it 7.20 ?
pradumnasaraf
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@rhjain11, If You Buying In Between The Range Of Support And Resistance, Then Yes 7.10 SL Zones, If You Buying After Breakout, Then Resistance Act Like A Support.
Taurus333
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What are your thoughts now?
pradumnasaraf
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@himanshu93, Buy and place a tight stop loss at 7 (Main support)
Taurus333
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@pradumnasaraf, I already bought at 10.75. Now feel stuck.
Kakerot
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Bad publicity by opposition media doesn't really help this stock to rise, at the current lower valuation, it is the best to bet to accumulate with a strict stop loss of 7 rs IMO, definitely, a medium to long term bet stock. non the less market is not letting this stock go down below 9 so easily post AGR verdict
pradumnasaraf
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@Kakerot, Indeed, sometimes even though technical signals are strong enough, sentimental card dominance. Still betting on bulls.
Taurus333
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Hey should we buy at below 11? What are the chances of it reaching 10.8?