Market was showing upside breakout, and did not sustain on that price level, and again came back to the trading channel, So that was false breakout. And you can see the red candle on resistance line, so obvious when we see bearish candle near resistance area, then we obviously view that stock now has bearish sentiment.
Please go through the orders , vision ,govt policies, world scenario,the tie ups,etc then give chart analysis or anything that you have in mind or in your analysis
ankutchauhan4387
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Hold this stock for how many days or month my buying price was 223
marketaffairs
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@ankutchauhan4387, ifn your stock is showing negative return of more than 7 percent kindly square off your position
skumar1438
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its may be Pull back
marketaffairs
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@skumar1438, no it is retracement, if it will start to go on upside then obviously it is pullback
Imirshadmagray
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it already had a breakout since 2008 high and gave tremendous returns, so now the price is correcting little bit. wrong info.... ❌
marketaffairs
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@Imirshadmagray, ya obviously, this is the time for buying put