well as per my observation and study this stock strictly follows Nifty50 and no doubt it is good stock to bet on as it has been moving only in its bullish zone (high of 52W) since August 2013, a very long time and improved tremendously many folds but a trade in this stock should be precaution as Nifty is tend to fall well short in coming months regardless of the FM's so called relief packages for FPI, International movements will force the destruction. Trading in this stock must only be with strict Stop.
Since August 2013 it has downtrend just twice but well within bullish zone, here comes the pain, but On 23, August 2019 first time in past six yrs it stepped out and broke its bullish zone support of 3000(2998) afterwards seen recovery but will it sustain the safe zone? my advice Hold Buy above 3350-75 for T3900-4200 Stop2950.
karanwealthape
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@KEN6123, Yaa agrred with your view.
1) I have suggested 200 sma is strong support & if breaches it will free fall as it death crossover....
2) As long as it will be above downtrend channel & 200 sma bullish view will be there.....
Since August 2013 it has downtrend just twice but well within bullish zone, here comes the pain, but On 23, August 2019 first time in past six yrs it stepped out and broke its bullish zone support of 3000(2998) afterwards seen recovery but will it sustain the safe zone? my advice Hold Buy above 3350-75 for T3900-4200 Stop2950.