Fundamentals here take the backseat with a sky rocketing PE ratio. Technically, the price is right at the 61.8% retracement base. Bullish Hidden Divergence Spotted. This tells me the stock will take the turn but let us wait and watch. No Targets for such stocks - StopLoss based on risk appetite is Mandatory and #Ridethetrend
코멘트
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Demand and supply are having a battle at this point which is why from last 2 sessions we are witnessing indecision - Doji candles.
Sarkar to adani ki hay... Keep buying Price will reach 1400 in no time.
cvemannagari
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this is bearish divergence. Once price break down price is going to go down
CuriousChartist
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@cvemannagari, It may go down but it isn't a bearish divergence. It is a Hidden Bullish Divergence.
devarajaraju
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But it is not moving , don’t know y
CuriousChartist
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@devarajaraju There is an element of doubt because of conflicting factors. On one side we have the golden ratio support at 61.8% and divergence but on the other side we have huge run up . Both demand and supply are having a battle at this point which is why from last 2 sessions we are witnessing indecision - Doji candles.
I am tilting towards the positive side because the volumes are drying on the fall. However, we will get to see the clear direction soon. Till then it's a wait and watch.