Route to Long watch - could be boring :-(
There are many things going other-way with management.
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Promoters selling
- DII - FIIs off-loading --> free float shares
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Price probably should take the support at "Porus Support" (red dash line) - mean while company may turn financials positive or any positive news.
- Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Good to Wait & Watch how it will play. 🤞 - Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
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