This is powerful stock with heavy weightage on the index when this stock moves the market moves in the same direction. Its been under tremendous pressure these days. It broke the immediate support of 2.65 level and now its going further down, next support at 2.58 level then 2.55 as of now its in a down trend so we dont enter the trade thinking that it can change the direction. We wait for the confirmation that support is holding and thn we enter the trade. There is no point entering the trade in a downtrend and increasing or losses by holding the position. Just keep stalking this one.
Hit like & follow ; )
Hit like & follow ; )
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.