After returning to channel we can see another bearish formation of Head and Shoulder in this counter.
Based on this new low of 450 can be predicted.
This is only possible if it breaks below 600 Levels. So lets wait and watch.
We can see that there was sudden rise in price of stock in early November creating gap.
This was filled after 2 months of consolidation.
PS:All gaps need not be filled however during reaction Gaps give reasonable idea of support/resistance.
Very good diversification of portfolio possible with Gold and DJI.
Everyone needs diversification of portfolio and having few good counters which are having negative beta helps de-risk and also avenue for investment when one counter turns bearish.