my view is bullish and we can buy till the base
support of 120RS in case of correction it looks
very good to buy as it has strong fundamentals also.
WITH MINIMAL SL OF 115-118 C.B
IT HAS BEEN CONSOLIDATING SINCE JUNE
Follwing down trend and based on todays candle closing the view of up/down side will be clear.
As per the #FIB Levels #Nifty is Retesting from 38% and it is expected to come near 17200 levels as of 23%.
If the Monday i.e 06th DEC candle closes below 23% the next levels will be 16780/850.
If the Nifty goes above 17500 then only some upside...
Support taken @200EMA which can be helpful for a strong Pullback.
#ATH is 1700++ and we have seen that MUTHOOTFIN is Fundamentally #STRONG thus it is Long #portfolio stock.
Happy Learning :))
Hello Everyone :)
As per Technical view i see RAMCOCEM has a potential of 10-12% upside in a very short span of time.
RAMCOCEM is fundamentally good and can also be taken as long term bet.
This stock has been consolidating and we can see it is on the demand zone and that makes the sense to go Long.
PS: This is my view and i can be Wrong, This data is Shared for...
Buy the Dip.
As most of peoples are in fear and we have seen the historical data that buying the fear zone and selling the greed zone will more often make you profitable.
The Technical analysis success probability is (70+%) as per the global markets are concerned.
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