For new entry, STAY AWAY. This update is for those who have a position on the stock. I am strongly against averaging but there is a high possibility that the price might go up to the next resistance of 767. There is a strong bullish engulfing candle that has formed on Friday. So if you want you can average your position with a small amount. But do that only once...
Following up with my previous update, Monday would be very crucial It will definitely fall back to 108 but if there is no pull back, the bearish trend will continue and the price might get caught in the violet zone. Stay put and don't make any foolish moves. Those who have bought at the top please hold and let the price show some trend before we can take any...
Those levels are reacting very well and the price is likely to run along these for some time. If it breaks 691, a huge slump may come. But as of now you can trade between these levels with tight stoploss. Shorting would be ideal.
Don't try to average. You will loose all your capital. If you've bought at the top square off in the pre market. If you're holding, just hold. Do not try to catch falling knives. Worst case scenario may test 56.25
Can hold after the target!
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Might blast to more than 577++
Super Bullish on this stock.
From Rachit Sethia with 💚