View on Chart: Stock
chart suggests that stock has probably made a higher bottom (if we
assume that 115 as the bottom) OR its been in a process of forming
Bearish Flag. At this point, if it manages to hold 126-27 levels on
closing basis, then, it can move towards 141
or even towards 145/50 levels as well (If breaches 141 on closing
basis). Exit
longs on a move and close below 126-27 support. In case of a negation
scenario, stock can
tank towards 120 or even upto 115 (recent low).
MAJOR MOVE TO TAKE PLACE ONLY BEYOND THIS RANGE: 115--165
