THE INTRIGUE IN PATTERN THROWS ME IDEAS OF GOING DOWN ONLY. MAX PRICE @ 9.30 IS SEEN UPSIDE FOR THE PRESENT.
AGAIN INTERESTING. AM I READING TOO MUCH INTO THIS? PLS SHARE VALUABLE COMMENTS.
PLEASE SHARE YOUR COMMENTS SUCH THAT MANY SMALL INVESTORS CAN BENEFIT.
IT TOOK 45 DAYS FROM THE 22 LVL TO REACH 12. NOW UPSIDE FORMATION IS OBSERVED WHICH SHOULD TAKE THE PRICE BACK TO 22 LVL. MAY BE LIC'S INTEREST BEING SHOWN OR Q2 RESULTS WILL GIVE THE IMPETUS!
PLEASE SEE THE CHART FOR OBSERVATION.
Please see the chart for observations.
AS POSTED PREVIOUS, THE BIG CANDLE IS COVERED. CHART SPEAKS THAT THE NEW TARGETS COULD BE ON HIGHER SIDE. BUT, ENTER AT LOW LEVELS.
Moving away T (blue) line, will attract price towards it.
MAY BE THE QIP PRICE WOULD BE SET AT 1850 LVL?? AND THE PRICE WILL BE REACHING THERE.
MAY BE THEY WILL GET THE QIP WORK OF HDFC AND IT SEEMS THE LOAN MORATORIUM BOOK OF THEIR'S HAVE COME DOWN TO 7% FROM 21%. TRADE WITH PROPER STOP LOSS.
It seems more than sufficient buying was done from 550 lvls to 420 lvl. Hence, caution is advised for SHORT. Q1 result is on 14th Aug.
For short term target. Stop loss is your discretion.
May be QIP successful completion will cause the movement.