Route to Long watch - could be boring :-(
There are many things going other-way with management.
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Promoters selling
- DII - FIIs off-loading --> free float shares
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Price probably should take the support at "Porus Support" (red dash line) - mean while company may turn financials positive or any positive news.
- Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Good to Wait & Watch how it will play. 🤞 - Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.