WelspunInd is in news for supplying poor quality product to target corp which cost him 10% market share due to contract termination. It’s share price drop from 105 to 53 and hitting lower circuit everyday. How to capitalize this opportunity? When to enter and when to exit?
hElLO tRaDeR,
The following levels and indicators can help you decide on an ideal entry point for a falling stock:
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Fibonacci Retracement levels.
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Previous Support levels.
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Starts to make new highs.
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Accumulation and Distribution Index reversal.
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Divergence.
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