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It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in.
In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210.
Overall medium to long term has strong upside potential and could be a strong SIP candidate.
Happy Investing
It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in.
In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210.
Overall medium to long term has strong upside potential and could be a strong SIP candidate.
Happy Investing
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