***Future Retail at All time low around 3.75 ruppes.
*** It is falling from ATH 575 to 3.75 ( almost 99.5% fall)
*** It seems like an another yes bank
***As per price Action, when the price reach around negligiable...
It has gone through Stage1, Stage 2, Stage 3 and Stage 4 , Stage 4 Repeated twice in an Aggressive Fashion during the 2nd Round of Stage 4. Again it is going down Stage 4 after a Sideways Consolidation.
Cannot Predict the Future of a Company. If you Invest now it is Highly Risky because it might disappear from the Trading bourses.
If you Hold stocks in this and...
Pennant/descending triangle formed in uptrend (continuation pattern), breakout happened supported by volume.
first support seen at 62 levels.
second support at 57.5
third support at 52.5
can go long (CMP 66 as on July 13,2021) with short term target of 72 (or higher target for long term)
FREETAIL CMP 60
after the free fall from recent highs
stock has bottomed out and in triangle price compression zone.
volume is also on higher side.
buy and accumulate till 56 keeping stop loss as 48 on closing ,
short term targets : 69 (breakout price zone ) / 89 /
aggressive targets : 113 / 141 /168++
Future Retail Ltd. engages in the business of retail trading. It focuses on hypermarket, supermarket, and home solutions. The company was founded on February 7, 2007 and is headquartered in Mumbai, India.