Stock witnessed a breakdown from regression trend and at same time breakdown came on back of earnings, most important to note is that the gap down came below key support zones and thus expect them to head lower.
the stock shown a bounce from lower zones ie retracement seemingly done
once it start to trade below 580, aggressive pyramid in short will take place
the view will be negated if stock start to trade above 630 mark
the stock shown a bounce from lower zones ie retracement seemingly done
once it start to trade below 580, aggressive pyramid in short will take place
the view will be negated if stock start to trade above 630 mark
Comment:
2% down