Multiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am...
There are good chances from current level multiply can start a new trend to the upside, if geopolitical scenarios are settled this stock can rally very quickly specially after disclosing there positive financial results this stock didn't perform due to the same reason but with todays closing we are getting some sort of indication that buyers are again getting...
For now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying...
Its been going side ways for so many days, its now looking weaker and it can retest the support zone. Not a right time to buy i would wait for a retest or a breakout.
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After a very big move to the upside multiply is now coming back for a retest which will also be a buying opportunity. So lets wait for a bullish price action right into the support level. Over all its still bullish!
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It had a fantastic run last week and i made good profits trading this stock. We will get another buying opportunity if it comes around 1.90 zone as its a support area. I would like to see bullish momentum in this zone and pull the trigger. We can get good target with good risk management. Over all this stock is bullish keep stalking for a right setup.
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