It has taken support at 200 dma where it took support earlier. If it doesn’t bounce from here and crosses 200 dma then a chance of double top pattern formation. As long as the new capex doesn’t kick in volume won’t increase. So maybe it will consolidate. Not expecting any rerating given the legal overhang.
Disclosure: Exited at 129 with minor loss to invest elsewhere.
| Subscribe To Our Free Newsletter |
