5 waves upmove of EWT completed in Neuland and then it gave bearish Head and shoulder breakdown. After breakdown it created a gap. Price cam to fill the gap and started trading down. Parallel channel is also visible in recent consolidation. Price may do zig-zag within the band giving false bullish EMA crossover to onboard the new investors which missed the opportunity in bull run. They will be slaughtered in next correction which might take price to the final target of H&S and near to the bottom of 4. Any investment buying from institutions or big whales will emerge only below ₹1000. Till that time avoid the stock even if it touched 2000 level.
Disc : it's not an investment advice to buy or sell
Disc : it's not an investment advice to buy or sell
