its a buy, institutions are buying it and fundamentals are strong, can be held for midterm and 50-200d moving averages can be kept as a SL whenever there is a crossover
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negative cashflow doesn't indicate that the company has been performing badly, company had invested in money market securities(short term bonds) instead of keeping it in cash which is a good sign
volumes are pretty low tho
looks good for an upmove, forming a cup and handle on a daily timeframe!
can you explain the analysis?
how did you arrive at the entry price and Target 2
@yashtrivedi7028 can be over short and long term. works effectively in daily and weekly tf.
it's called volatility contraction pattern (vcp) and multiple retests of a resistance point increases the breakout chances and intensity
pump and dump stock