CMP-41.1 Fibonacci level-.618(40.95) 50Days EMA-39.4(approx) we can see the price is in consolidation mode since 23rd July. if invested don't panic, its just testing the patience level of investor. fundamentally it is awaiting for merger news confirmation for further upwards journey. on charts, double bottom formation is getting created which suggests a breakout is very possible in a few days. Target is still at 50 from where it had faced rejection twice in the current trend.
@Shuja123, always look for buying at the supports level. this way downside are somehow protected/limited. here i had invested at 38-41 levels thus despite of no movement from many days, the losses were negligible.