CMP 464
Difficult to say whether it has bottomed out or not. But it is still a weak chart.
For any significant upmove, it needs to cross several resistances and those are very nearby ( yellow lines , moving averages etc etc )
Till it does not starts trading/clsing abve 40 WEMA for few weeks, it will remain weak.
Weekly Chart
Disclaimer : This post is just an effort for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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