Agree that it has not entered into fullfledged stage 3 and also not breached 30 week EMA…But its down by almost 15% from its recent peak and also from April start till now , almost 2 months it has been flat and going down. It has breached 10 week EMA from last 2 weeks and slope of 10 week EMA and 20 week EMA has been flat. Its not an ideal condition to enter into. But those who have already invested from lower levels, they have to watch for next 2-3 weeks to see if it consolidates or moves higher…
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