PRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE. BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW.
IF YOU HAVE READ THE ABOVE STATEMENT, YOU HAVE SUCCESSFULLY BECAME MORE AWARE OF THE MARKET SINCE MOST DO NOT READ THESE STATEMENTS (AS THEY ARE SO BIG)
BEWARE OF FALSE BREAKOUTS
Look at the charts and make an informed decision. Thank You Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.