We analysed this sector in June ,22 – nothing much has changed – few stocks have fallen badly while others have moved in a range in last 10 months.
Few other stocks that were not in the above post 
Similarly ICIL , Kitex are also in Stage 4.
For any upmove , a stock needs to stop falling – should make a base i.e. should move in a narrow price range and then it should cross/close above 40 WEMA and finally it should close/cross above nearby trading -ranges for few weeks to come into stage 2.
So long way to go especially for this sector.
| Subscribe To Our Free Newsletter |
