It is been observed on the Monthly chart that the price action broke above the downward trendline after 10 years indicating a big move ahead. It is indicating buyers comeback and it shall further take the price up. Interesting thing is that fundamentally the stock is trading below its intrinsic value, which qualifies it for a good investment.
3% up, now reaching to resistance level of 99 levels. Regards
@NeeteshJain, Well its working,Buy Right and Sit tight-Positional trader
Its my first Bull run, So how do stocks behave in Bull run and how to capitalise this opportunities... Small cap/Midcap/largecap whose got my money?
@VikramRajput, If you're investing then you dont need to think of the market movement but if you are trading then you should exit once a sell off observed in the market and then re-enter when the price action is in your favor or at good support levels. Regards