Underlying prices in my opinion has favorable chances to fall for a retest 75000
In my opinion and to my sight, the asset seems expensive and probability a deep drop from here is high.
The holdings of Zomato will yield more pain... However, revenue from operations looks consistent. The exceptional items of the balance sheet hurt investor sentiments. As the rising liabilities in last four quarters and astounding expenses on Ads and employees is affecting the operating margin
GE T&D Edge Points: 1. Depleting Inventories suggesting demand for its product 2. Consistent improvement in revenue QoQ 3.Reduction in Borrowings 4.Improvement in CASH Holdings
This firm is one of my recommendation to a client for multi- week holding. Price target above 150
I strongly see the wall as stiff resistance as prices continue to struggle to climb over it' A fall back to 35000 can be a possibility