We covered it long back and now it is the levels that were projected in June.
Now the point is whether it woild start the next wave or would go down further.
Keem in mind that a stock needs good market sentiments as well as sector sentiments to start their next leg.
Other factor to consider is that the corrections happen to be of 2 types – price correction as well as time correction ( price just moves sideways and frustrates the investors) .And may be during this sideways corrections, it may go down to 145 levels.
As per the chart, it seems to be in time correction as of now. Market as well as sector sentiments are neutral to negative territory.While it may move up and down for sometime, but it needs to cross few key levels to show the start of next impulse.
So currently it is all about wait and watch.
Disclaimer :This post is just a for learning a method. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success depend upon various factors.
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