Software company having book value 98 which is very high and it may form double bottom if we see it in monthly time frame . but at the end it has made 5 wave of Elliott , after the 5th wave it has formed contracting triangle . if it breaks out then buying price will be 25...
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 months. As per price action this is looking good for a upmove. However the best entry would be above 25 with few days clean closing above 25. We can see 35/50 soon on cards. Once enter SL would be below or around 18. On weekly seems like done its round bottom also I see cup and handle pattern completed so good...
Medium Term Investment Pick: 25%/50%/100% in 3/6/9 months. As per price action this is looking good for a upmove. However the best entry would be above 25 with few days clean closing above 25. We can see 35/50 soon on cards. Once enter SL would be below or around 18. On weekly seems like done its round bottom also I see cup and handle pattern completed so good...
Buy between 19-21, target 25, Stoploss below 18.
Buy @25, stop loss 23, target 32-33
ADSL trying to move up after long time, it will be too early to say they will go up defiantly in future, but can buy small quantity and keep adding if it is going up