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.
Comment:
As expected, the fall has extended to 60. So now start bottom fishing between 55-60.
Comment:
The price has bounced back sharply and levels of 50 was held. With bullish momentum it can bounce to higher levels.