The stock did brake out form long term down trend , and once it makes to 94 Price Zone and hold it is confirmation and can give us new higher in coming days This information is for Education only Regards
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Price closed under the long term range brake out Mostly it will have bearish movement Regards
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Today being last day of the week the price close in the area of support will confirm as trade active and the stop would be 87 Regards
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Sorry in up dating delay the trade active
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I'm stepping away from this stock because of disco dance price action In my view this behavior in stock is indication of imbalance in force resulting move in any direction Regards
@shiv2798, Black Marubozu pattern is seen today with the price closing near the lowest point of the day. Tomorrow's close could be a decider. What do you think?
shiv2798
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@Trivikram, sir I have to see it again
I will probably up date in Morning
Regards
shiv2798
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@Trivikram, Bearish sentiments may continue , one has to look for reversal sign in Day candle to enter
You are right today closing is reversal sign then its good to go or wait till Friday
Regards
Shivakumar
Trivikram
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@shiv2798, Thanks for the update, I will watch it.
Trivikram
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@shiv2798, Once again it reached a critical state and tomorrow could be make or break for this stock.
shiv2798
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@Trivikram, yes sir
I think we should step back from this disco dance price action
Because they may result any direction
Regards