Misting is a result of high pressure and as much as 50% of your water starts evaporating into the atmosphere before it can get to your landscape resulting into wasting lot of water- Save Water- Safe Earth.
Next time, your service provider offers a wet check -you should be careful of high pressure limit because if exceeds then misting can take place.
Efforts are wasting since 2008 - resulting into no gain & why prospective bulls should really take interest in the stock above 118-122 zone which is strong rejection zone since 9 years.
Short Term Trading Strategy
Bounce can be seen above 105 to 108-110 zone, which likely one should book holding 98 levels on the downside or strict stops to be maintained for long trades.
Long Term Trading Strategy
Going below 98 -it will continue down for 88-90 zone & later if moves below 88 then look for 78-80 zone, where support can be seen next or want to buy, then think of doing so above 118-122 zone if sustained else your efforts will be wasted again- resulting into misting effect
Short Term Target Achieved at 109 between 108-110 -- going above 105 as mentioned in the main update above.
Below 98 -More Weakness
Close to initial target zone of 88-90 -if holds we book & exit else next set of selling starts only below 88 on a sustained basis.
Partial Target reached at 92 - Closing the post.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
I did newbie mistake of buying specific stock at bearish flow, seeing the macro-factors that it will take bullish trend but had to finally sell at SL-93 to avoid further losses.
Waiting for the stock to settle down and retrace from support level. Also, Waiting for Q4Fy17 result now..
"Notice of meeting of Board of Directors to be held on 24th May, 2017 to consider Consolidated Audited Financial Results for FY 2016-17 pursuant to Regulation 33 of SEBI (LODR), Regulations, 2015."