- Stock depreciated about 60 % from its ATH - It filled the long due Gap and took support from it - Thence, It has been consolidating for 9 Months now - Price trading below 200 EMA a.k.a accumulation phase - The PE was 15 at ATH and after 60% Depreciation, it still stands at 11.5. It's gotten a little palatable (kind of). PB is decent at 1.15 - A strong trendline has been a constant resistance. Given the sideways nature of the price action, A break of it should not impact much. - Nothing interesting as of now. Things will be set in motion if the price breaks either of the zones (based on its price action) Or some interesting candlestick formation materializes.
What should we analyze next??
Have Requests, Questions, or Suggestions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Comment
⋅
The price is holding up despite a breakdown.
Comment
⋅
And, the fall is here. Watch out for the 1000 level.
Hey ! @sakshisehrawat4192, Thank you for commenting. We will look into this :) In the meantime, Feel free to follow us so that you don't miss out on future analysis :)