Please see the comments in the chart. Nothing fundamental has changed between thursday and Friday. Hence, the conclusion is arrived.
If one plays the SHORT game carefully, gr8 opportunity. See the target.
Be careful with the pattern. Do not SHORT. Break out will take to the targets mentioned in the chart. And, also it is observed that 1933 could also emerge as a new target.
As per weekly chart, the price has come down to 50% of the rise. And, from there it has closed @ 7.8. So, it seems that it may once again go to 8.55. But, what could be the reasons which can trigger this? As read somewhere Sri. RK Damani had entered at 3.8 in a big way. They may get attracted again.
Shall we expect the upward movement in the rising channel?
Please see the chart for levels.
Please do share your views, such that small investors can benefit.
My reading on this scrip is it may come down between 168-180 in the coming weeks.
Same kind of pattern was seen in Infosys (one of my posts) and targets were achieved. One may consider at lower levels nr 412 (if available).
In case of Glenmark same kind of pattern was observed. It had given a huge break out. Same pattern repetition is seen here. Maintain a proper stop loss.
Please see the chart. Same kind of observation was noted in case of Biocon. Till now, it did not cross the set level. Same advise for this one too.
News is positive for the power sector. But, wait for reentry.
Nr prev high. Whether "N" shape or "M" shape??