Is , after Eid al-Fitr ?
Candle Pattern: Possible MORNING STAR,
Reason: #1 Long Body RED Candle Having Negligible Lower & Upper Shadow on 22/06/2017.
#2 Bullish PIN (i.e. Perfect LONG Leg DOJI) on Last Trading Day (I.e. 23/06/2017)
WHY to LONG: Rest Mentioned in Chart.
Swing Target: @ 395, @ 397 - @ 398.6 (1st HZ), @ 402.6, @ 406.2, @ 408.3- @ 409.8 (2nd HZ)
M.O.R.E on Chart. (for Positional)
BEST Accumulating @ 387.5 - @ 378.20, Though @ 386 -@ 384.3 ( BZ )
Stop Loss Zone: @ 369.20 - @ 364.4 (By Closing)
"HZ" =>. Hurdle Zone, "BZ" => Bounce Zone.
If helpful please Like/ Share / Comment to motivate.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
You raised an argument "bears r in full control" - If so Who LIFT the stock from Day's LOW @ 383.50 to Close @ 391.50 (approx 2.04%) also Close Above LOW (@ 390.55) of 22/06/2017 & Closed Only -0.36%. can say Bears are Loosing ground.
snapshot of price volume action in ast hour of trade.
I just presented what I saw on chart.
A stock which is in strong downtrend, needs something as strong on chart to start a contra trend.
thats what I think. If u dont agree with me , its fine. I wont shoot any argument.
markets are supreme and they will answer each and every question. :)
Best of luck.
BTW, I expect more pain in Justdial.