The weekly bullish Harmonic reversal appears to have completed its pullback from the 38% level, It is on the verge of a breakout in daily time frame above 13400 which indicates the possibility of 15000 (50% retracement) with a minor resistance at 13800. View negates below 12900
THE STOCK CLEARLY SEES UPSIDE MOMENTUM AND A NOT SO CONVINCING CORRECTION AND IS AT A PRICE POINT WHICH IS VERY ATTRACTIVE.
THE COMPANY ALSO IS MOVING ON POSITIVELY FROM THE RESIGNATION OF CFO AND IS LOOKING CONFIDENT.
BUY AND HOLD TILL 130.
FIEMIND is giving an opportunity of a favourable setup with a Risk of 12% and Return potential of more than 30%. In the daily chart, kind of VCP is visible and it has formed a good base at the current price. NSE:FIEMIND
First time since IPO< a meaningful three month long rally.
Though its moving in a downward channel since IPO.
Will it breach it this time ?
I would give it a higher probability.
