No trade but an observation. Fundamentals and Technicals aside. See the strength of fear. It takes 116 days to rise 45% and it took 5 days to fall nearly 30%. Anyways, tradewise, it is good buy with stop loss at day's low but that falls under gambling right.
Price is consolidating in range and getting ready for break out.
BERGER PAINTS : LOW VOLUME PULL BACK, WILL BE BULLISH TILL IT HOLDS 585
MCDOWELL : TOO MUCH OF CONSOLIDATION MAY LEAD TO SOMEWERE
ADANI PORTS : STOCK MAY COME FOR GAP FILLING BEFORE RESUMING THE JOURNEY AGAIN
LT long term Fib retracement, acting as a strong support for L&T, forming a hammer candlestick pattern this month, , if 900 breaks and sustains, weak, however since it is a long term support, chances are it would bounce back, but its reversal is limited by long term moving average lines, hovering overhead.