Now expecting this to come back down to test .75 and the 99 day MA.The reason i say this is that 12hr time frame it looks like a few lower circuits are in order. So going to keep an eye on this and may enter a tad before .
Short term Target 2.35 buy back 1.80
Shall be keeping an eye on this since it has a potential of reaching at least 28 in the mid term so might get quite a few opportunities to hop on for some upper circuits.
Its all time high is 100 something so 28 looks reasonable.
JP associates had a look earlier on is again pumping as well and in debt like crazy so thinking maybe an exit pump.( even if it is an easy 3X to be made but just make sure to hop off)
Will look into this later , quick glance and it looks like its not in a bad state , debt wise. This company deals in towers infrastructure and i guess we will need them be it 4G , 5G etc...
Either way i think this is a safe bet since it is a good takeover candidate if they cant manage their finances.
@basavarajmayi cheers ! Approaching buy zone , interesting to see if it starts reversing tomorrow mid day
pmuddinagiri
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Is it likely to go up to 30rs?
CompoundingGain
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@pmuddinagiri, let's wait for it to cross 8.65 first then it should fly to 28 after which 50 is the next swing high from there.
so yes it will , time frame long or over 5 years possibly. Either way approached support now so pick up and forget .75 is where we have support and most likely reverse
pmuddinagiri
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@CompoundingGain, Hope the price reverses tomm but looking at the sell order doesnot seem like,what will be next support level
CompoundingGain
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@pmuddinagiri, ignore the order book , its whales playing mind games with you. Dollar cost average your bad entry or hop off if not comfortable.
as soon as hope comes in maybe its time to question your inital entry and why you've entered a trade.
keep a journal with your emotions and reasons while entering and exiting your trade.
cheers!
pmuddinagiri
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@CompoundingGain, thanks it got reversed and I bought before that
CompoundingGain
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@pmuddinagiri, sweet :) remember to pay your self along the way !!
pmuddinagiri
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@CompoundingGain, again back to .7 levels,what is the support level ro bounce back