AFTER A GOOD RECOVERY FROM LAST YEAR NOV TO FEBRUARY MONTH THE STOCK IS SHOWING A STRUGGLING NATURE TO FIND A SUPPORT AT NEAR 5.10 THERE ARE VOLATILITY TOO AT THIS RANGE. HOPE THAT STOCK CAN ESTABLISH A SUPPORT AT THIS LEVEL. THEN WE CAN SEE SOME PULL BACK.
It is been observed on the daily chart that the price action breaks out and closes below the crucial support levels of 4.75 indicating sellers dominance and control over price action at current levels. It indicates further bearishness in upcoming trading sessions and the prices shall further move down to next support levels at 4-3.80 levels.
Target 1: 4.1