This stock has been consolidating since long long long longgggggg time. Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly? Let me show you something in weekly chart.
Just look at those goddamn volumes which is being generated right now. In whole chart of weekly we can hardly see these much of volumes consistently. So my question is same:- Who is buying all those quantities? You? Me? Someone Hidden? Along with this look at daily chart now. It has already Tested resistance level of 340 multiple times. All the swing Lows are making Higher Lows. Very surprisingly 200 EMA also exactly at 340 Levels. Slope of 200 Ema is now changing from downward to flat. Keep an eye Ladies and gentleman. Cheers and Happy Trading. Hope it helped.
Wonderful analysis. Helps newbies like me a lot. Any fresh views on the stock ?
yashmpanjwani
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Heyy this stock is still consolidating ,what should I do now?
LearnersParadise
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@yashmpanjwani, this stock was an investment pick so I will still hold this. If we look closely we are still making higher lows. So till now we don't need to worry
sourabh63033
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Superb Analysis....I am holding from 270 levels......lets see till where it reaches?
LearnersParadise
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@sourabh63033, Awesome, Hope it goes the way we are expecting.:)