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No matter what the News is , TAMO is Going up , there is very less likely that it will drop further ,
In my view its time for Move up
Its like Kind one of the Pattern we Trade and we Know , So one can look for buying opportunity
When any stock starts forming its peak , they really make it hard to identify , but they can not hide the repeatable patterns this is my Gut which tells me my forecast is high likely possible to form
You can look for move , if the next move occur in the same manner , Look for short sell Opportunity , till then wait for it to move , No Monkey business...
A Simple Analysis can get you very Cool details , This scrip has completed its 3rd Impulse wave and I am not looking strong pull back in wave 4
so Expect this would be slow and it will be shallow compared to entire move so far ,
Look to short sell in Futures contract and Book near target
This is very Tricky , apparently B wave is Triple three forming expanding flat ,
Watch out its in last of B wave (Complex Move )
You can look for better entry for short sell when it finishes current Flag pattern near 1395 to 1405 and book near 1069 or 1075
This is making an Bear flag , the pattern is still not complete so wait for it to complete
during this it will tag the price level 1655 look for short sell with 50 Points as stop and book near the target
Expect the snail race is still on , it will likely move up as per forecast and then drop slowly , but one thing is for sure , Market is not ready to come down easy , That means its Going to Go up this year making new higher high