IT WILL FALL TO 800 APPROX DUE TO SEVERAL SHORT TERM FACTOR . CHART IS CLEARLING SHOWING THE WEAKNESS
since i am giving answer through chart it will be good if i describe in terms of quantative analysis.
90 % DISCOUNT DOESNOT AND POSITIVE DIVERGENCE
Looks like big players are selling the stock around 52 week high. We believe it wll fall to 900 or even lower. Negative divergence and double top are few indication.
Tata motor forming bottom the downside is limited from here as price is showing a divergence with RSI and OTHER TECHNICAL INDICATOR.
If price hold for 275 on weekly basis then its a buy with sl below 250. We will keep posted about the levels
Atul ltd looks strong bearish due to price and RSI making a negative divergence. Another reason is supply and demand. Both technical and fundamental reason is too weak to support this.
Deepak nitrate looks exhausted for further upside move. We believe price will come down to 300-325 level where a buying will start.
Mother son sumi has fall almost 90% from top. The company fundamental is still strong and it wll be. Short term impact has destroyed the price in past 2 year. Target only for our paid members. Keep sl below 47
A negative divergence in price shows a big correction of 30-40% will happen. Price will settle down after correction for long term move.
Tata motor after a correction of aprox 90% from top forming a very rat monthly divergence. The stock can form bottom very soon. Level to watch 50-60 for bottom. We can expect 600 target in few years after bottom is done.
Break below 1900 on closing basis will destroy the stock for sometime. All indicator showing negative. No buying for next few weeks from our end. Below 1900 next target 800
Stock has formed a weekly top as momentum got exhausted towards upside.
We can see a sharp correction in the stock to a level of 1700-1500.
Pidilite looks exhausted fir and big upside move. Continue negative divergence on monthly basis. It will a good time to sit with cash and watch for few months. Bearish formation!!
Alert!... Bajaj finance making continuous Lower low as well as a negative divergence in stock price. We can see the level of 1000 or below in coming 6 month. Any pull back will be a bear trap so don't buy it unless price got settled.
Its a matter of time when the stocks will start falling suddenly. Looks strong bearish we will wait for further indication to take action. Not a buy recommendation.
Dmart forming continues negative Divergence. Price will start falling if it can't hold the high if 2500-2400. Trade with stop loss. Once close below 1700 it will easily fall to 1000 or much lower level.