Neutral for now. Waiting for trend confirmation.
It is in consolidating for more than 2 months.
The previous resistance one is acting as a strong support zone now and stock has
bounced back from it for multiple times.
MFI is at 25.
Now it is also at a short term trend line and may move upward from here if Nifty is bullish.
Nifty support is important for coming days.
Otherwise we may see breakdown if Nifty is bearish.
This post is for information purpose only.
It is in consolidating for more than 2 months.
The previous resistance one is acting as a strong support zone now and stock has
bounced back from it for multiple times.
MFI is at 25.
Now it is also at a short term trend line and may move upward from here if Nifty is bullish.
Nifty support is important for coming days.
Otherwise we may see breakdown if Nifty is bearish.
This post is for information purpose only.
And till now the moved around -11%.
I thought it will bounce back but overall the weakness in midcaps and smallcaps and all other factors affected it and dragged it down.