Is the telecom story over...
The stock recently had bounced from 66 odd levels to 120 but that's exactly from where the stock started falling back. On charts that represents 38.2% retracement level of the fall from 204 to 66.
The stock is back at crucial levels... The red lines are the lower targets. Pattern gets invalidated if the stock moves above 99.
Take care and safe trading...!!!
The stock recently had bounced from 66 odd levels to 120 but that's exactly from where the stock started falling back. On charts that represents 38.2% retracement level of the fall from 204 to 66.
The stock is back at crucial levels... The red lines are the lower targets. Pattern gets invalidated if the stock moves above 99.
Take care and safe trading...!!!
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