We are back to our low risk trading methodology with a mainstream recommendation. The script according to our statistical models look oversold. When we look into the charts we find that stock is sitting right at the upper trend line giving it support.
Over a period of time the stock might still go to 795-800 levels where we should further average. The stock should give good returns in the medium term up to 860 levels. Also stock has a huge base at 780 levels which should keep it good.
Over a period of time the stock might still go to 795-800 levels where we should further average. The stock should give good returns in the medium term up to 860 levels. Also stock has a huge base at 780 levels which should keep it good.
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