There are many things going other-way with management.
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Promoters selling
- DII - FIIs off-loading --> free float shares
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
- Price probably should take the support at "Porus Support" (red dash line) - mean while company may turn financials positive or any positive news.
- Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Good to Wait & Watch how it will play. 🤞 - Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Candle close is the Confirmation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Candle close is the Confirmation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.