Question in mind ?..guess rite .. following is chart will Explain you what to do next.
15 MINUETS CHART clearly show stock close at 16.40 level as doji pattern form on daily chart. doji pattern form when trader/investor indecisive about buy and sell. trend confirm when either side breakout that means at present consolidation going on around 16-20 to 16.80 level ..if 16.80 level break on upside then target 18 will be hit or if 16.20 break then trend will be downside at least for time being.
one more thing to add trend-line seen breakout and few red candle following breakout line . but confirmation will be on only if 16.20 break downside, Bellow consolidation zone stock can fall around 15.80 and then 14.80 both are strong support zone where demand for buying can seen again.
MONDAY 13/12/2021 watch out upside level 16-80 break upside target 18 confirm . if 16.20 break downside 15.80 - 14.80 is level BUY opportunity. !
i hope this idea will useful and profitable to your trading analysis .!
HAPPY TRADING. !!
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IDEA BOTTOM OUT AT 15 LEVEL ...now trend reversal to uptrend will be starts for next target 18.
Trade closed: target reached
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fundamental view NEGATIVE to due to promoters decsion to dilute share to govt cause of unable to pay debt is worst as there intent not to run co on own capability all technical target hit.. but all long term trade closed. !
stock fall now at expected strong BUY level ...accumulate 14.50-14.80-15 level ...
champtrade111
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@champtrade111, trend reversal will start ..to uptrend since stock bottom out at strong buy level 15...uptrend can continue to next target 18.
bardevolved
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@champtrade111, It failed, It did not stop at 14.50-15 and went downwards sir
champtrade111
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@bardevolved, I AM NEGATIVE OF THIS STOCK....since promoters dilute shares to govt at @10 RS. i stop giving any call further more.. ! if co themselves decide value at 10 then retail investors should not by above 10 THATS MY VIEW. !