Stock is in long term consolidation & has not participated in current rally. Yesterday even after good set of results stock failed to hold levels & hit month low.
While checking chart we found that stock is trading near long term trendline support & can show fireworks in coming days hence one can start accumulation & hold /add more till stock trades below 490 keeping stoploss below 470. Have a look at weekly chart :
While checking chart we found that stock is trading near long term trendline support & can show fireworks in coming days hence one can start accumulation & hold /add more till stock trades below 490 keeping stoploss below 470. Have a look at weekly chart :
