Markets broke down close to 2% due to poor tech results and also followed by not so encouraging first quarter results of other segments too. Side ways range movement on the higher time frame continues. While the weekly charts are not trending, there is less likeliness that we will have good rallies on the dailies and so is the market these days.
Even in these turbulent times there are some stocks that shine bright. One such example is BINDALAGRO which saw the least fall today even in its own Industry group - Fertilizers. Keep holding long positions with entry stop at 89.00. If stop is triggered, await fresh long calls and this will hold promise only for the running week. In case the stock closes down for the week and our stop is hit. Long trade opportunity will cease.
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