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...
Trend
For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up.
Negative Scenario
If the current level is not holding then most likely we will see it coming down...
This stock is strong technically but fundamentally its very weak its a Red flagged company on DFM. For day trading, quick entry and exit is recommended.
Hit like & follow guys ;)
Even though we saw a red candle close in Fridays session this stock is still bullish and has got potential to go higher from here. Any dip at the support is buying opportunity. Over all this stock is bullish!!!
Hit like & follow guys ;)
