Bulls need to return

DEWA is under pressure it has already announced good dividends but for now its not holding. Need of the hour is to break the resistance of 2.50 with good volumes so that it does not come back at the same zone in near future. If bulls dont flex up then there are chances seller will drop the price till about 2.35 zone. Hope that does not happen we want to see fresh buyers jumping in to push price higher.

Strong resistance at 2.50 that a tuff nut to crack previously it has tried twice but got rejected trapping buyers right at the top. Lets see this time if its a success!!

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