A potential long term reversal candidate. This stock had been in a long drawn bearish trend. Over the last few months the fall turned into a sideways phase. Now the it seems that the scrip is ready to move up. Analysis down primarily on weekly chart but also in daily chart. Have a look!
#Nifty and #Banknifty saw a very interesting close to the week.
After painting a grim picture in the first half, they saw a V-shaped recovery which propelled price up to p.close. So unless you were looking at the charts and #priceaction, the EOD closing would show a flat day.
The indices have still formed an LH-LL formation, which isn't suitable for bulls. This...
