Loss of 71 crore helping it hit lower circuit ... on the daily time frame we have 6.85 as support with this making 3.2 as its all time high.
Downtrend since December 2007 so some one has been having fun shorting this for the past 13years. Well its time to reverse and start acumalating since this is very near to the apex of the triangle and will break through maybe in 8 months maybe sooner , dunno but defo a good mid term buy .
200 day offering support at 6 targets on the chart for a long hold .
Not planning on jumping into this since am already spread out with my penny stocks however am tempted to jump ship for a week or 2 .
Shall update LTF in a bit with a golden cross forming ,short term target 15 .
Ask yourself are you scared getting into this?
what would your risk reward be ?
Will this company fold?
Downtrend since December 2007 so some one has been having fun shorting this for the past 13years. Well its time to reverse and start acumalating since this is very near to the apex of the triangle and will break through maybe in 8 months maybe sooner , dunno but defo a good mid term buy .
200 day offering support at 6 targets on the chart for a long hold .
Not planning on jumping into this since am already spread out with my penny stocks however am tempted to jump ship for a week or 2 .
Shall update LTF in a bit with a golden cross forming ,short term target 15 .
Ask yourself are you scared getting into this?
what would your risk reward be ?
Will this company fold?