Since December 2022 to May 2023, it has to make three lower lows highs, as well as its break down, then consolidating on May to July 2023. Since January 2023, it has decreased by about 220 points, which is a lot. CMP is presently in the 570–580 range.
I think that at this point, there should be solid support and a possibility to take good retracement. It has the potential to provide a strong return if you accumulate at this level and hold as a positional investment. It might reach 600, 630, 650, or 700 in the upcoming days.
Don't take it personally, I'm not a financial adviser.
This has only an educational intent.
Please consult your financial advisor before making an investment.
Comment:
4.3 % gain, 600 from 575, 1st TGT touch
Comment:
628 from 575 Almost 7 % gain , HOLD
Comment:
634 from 575