@yossarian121, Excellent chart and detailing brother. Keep up the good work. It indeed bounced back. Though I do not want to mix technical with fundamentals but it seems this is a loss making company and this bounce back was because of being oversold? I would like to try some positional trade. Can you speculate a reasonable target for this if still there's more bull run to have? HDFC gave a call of 980 yesterday. Thanks in advance :)
@sahilmathur, Dear Sir, this company is fundamentally very strong and has a great future. If you are an investor it is a buy and hold for two years min. From trading point of view yes, it could be a short covering as well but the company has a long way to go up and can give you good returns long run.
@sahilmathur, It's a decent company I would say. Charting is all about price and time. Saw a great entry point that is why I posted. It's a question of risk reward. I won't get into long term price objectives but that 350 or so level if retested would be a great entry point. Whether it goes down after that I won't worry about that