IN IIBNot recommending to act now
I tried to take side on buy given its position (support on a upward channel) but I am not conformable with the near-term resistance @~INR1,200-1,250 either -> I won't act now. Having said that, I do have two action recommendations.
(i) Only act when it hits ~INR651 where it is at the support of the downward channel.
(ii) Wait-and-see until Mar 2022: if the price is above ~INR1,144, we might actually consider buying more at that point.
Not sure how to assign probability to each case but I won't recommend the team to act now.
