CMP 17.15 BSE 17923
- The Stock has today broken 17.4 on a closing basis and closed at 17.15 almost at the low point of the day.
- A few more closings below 17.4 could signal a trend reversal in the very short term.
- In such an event we could see 15.5 levels.
- However, a few decisive closings above 17.4 next week could be useful in assuring us that the uptrend has resumed in the short term.
- In such occurence we will see target 20 soon enough.
- Short term participants would do well to keep the levels of 15.5, 17.4 and 20 in mind while deploying.
- Long term investors have it easier; they can just BUY at CMP and all dips and forget about these bothersome levels, for supernormal gains over the next 12-15 months.!!!
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