Fib - the dip to 554 was 38.2% of the immediate swing an indication of strength. it broke out above 577. Now either we buy this counter on a dip to 577 or on a close above 586. The first tgt will be 606 and second 638.
Conclusion-When the trend is up we need to ride it to the max , coz they have the required momentum in them. So just that it is up 3% doesnt mean the rally is done.
Conclusion-When the trend is up we need to ride it to the max , coz they have the required momentum in them. So just that it is up 3% doesnt mean the rally is done.