Long
2019 LET LAKSHMI FOLLOW LAKSHMI VILLAS BANK
The stock is likely to fall to 55-60 levels or else it can see a phase of consolidation between 60-70 levels.
I believe it can give a sharp bounce back to 120 levels (50% retracement) if 50 level (s/l) hold.
Newton's third law: Every action has an equal and opposite reaction.
Remember the sharper the fall, the sharper the rise.
I believe it can give a sharp bounce back to 120 levels (50% retracement) if 50 level (s/l) hold.
Newton's third law: Every action has an equal and opposite reaction.
Remember the sharper the fall, the sharper the rise.
Note
As expected, the fall has extended to 60. So now start bottom fishing between 55-60.Note
The price has bounced back sharply and levels of 50 was held. With bullish momentum it can bounce to higher levels.
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