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A recent triple top with attempted break out over the 870 levels. The recent bullish pattern is not supported by volumes and the stock is showing a neutral trend with comparison to the Nifty. I would watch this closely as strong break out from here on would confirm a bullish pattern. However, I would think given the current market scenario, we should expect a downward movement and the stock would continue to remain range bound for some time.
Nota
So as anticipated this stock has taken a hit this week. Also being Christmas holidays the general market perspective looks glum. So will anticipate further downside, new year maybe a time to take short term positions on this stock.Dagangan aktif
The stock has crossed its strong support once again. So keep your eyes glued.Nota
Upside break has continued. Volume will be confirmation for long positions on this stock.
Penafian
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