This stock is in consolidation state...
drop base drop is going to observe in this stock...
So keep your view to bearish in this.
But a manipulation move to topside chance is more, then fall happens.
We have a demand Zone lies at bottom, look for buying at that demand Zone.
This stock observed a strong fall from the resistance...
broken the trendline as well....
if this is a retracement price again continue its upward momentum...
if this is a reversal price will gives us retest to the trendlines fall back...
Look for buy opportunities when price comes to the demand area...shorting opportunities when it comes to resistance area...
A strong bullishness is observed from this stock from 3040 levels...if this is an exhaustion or initiation.
Previously a strong fall is observed from the levels 3120 levels...
now its again at resistance zone...if this move is initiated by buyers again this will break the resistance soon...if this is an exhaustion of buyers it will breaks the support at 3040.wait...
