The counter commenced a very strong uptrend after breaking 125 mark and posted all time high around 360 levels. Post such strong vertical rise the counter entered a correction phase and posted a swing low around 243 mark. On a daily chart it is very clearly visible that the counter has formed a very strong base around 243 levels during recent past. Technical Indicators on a daily chart have turned bullish suggesting positive momentum to continue for short term.
On a weekly chart it seems that the counter has completed its 4th wave correction and is about to commence its wave 5. Participants can accumulate the counter between 260-270 for 1-2 months perspective for possible up move up to 315-330 levels applying closing stop loss of 243.
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Good study.
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