it is trading at life time support after continuous fall / selling of fii ( who else they only have majority after promoters ) - will it take support.
facts:
1. stock trading at slightly below life time support - hence there is possibility to sustain at this demand level as well as over sold area.
2. broader market seems to be reversed in short term, which will counter effect on this to reverse at this level.
3. however need tomorrow's 28-01 confirmation for weekly closure and sustainability of support level.
yours opinion please.
facts:
1. stock trading at slightly below life time support - hence there is possibility to sustain at this demand level as well as over sold area.
2. broader market seems to be reversed in short term, which will counter effect on this to reverse at this level.
3. however need tomorrow's 28-01 confirmation for weekly closure and sustainability of support level.
yours opinion please.