Today Inox closed below its important support level of 87 however kindly note that its the important support level on weekly closing basis. So we have friday tomorrow to fill todays gap which is precisely 86.50 which means above 86.50/87 Inox will gain the much needed momentum.
Those who have added today can add further 25% in the region of 82 to 78.
Its an investment play so no need to worry about. It has the potential to surprise even on the higher higher side. I take this big downside as big opportunity to get in again. Stock corrected close to 35% from its recent top of 127.
The basic idea is to buy at the right support level so that we can get a good bounce and book some and bring our cost down.
Those who have added today can add further 25% in the region of 82 to 78.
Its an investment play so no need to worry about. It has the potential to surprise even on the higher higher side. I take this big downside as big opportunity to get in again. Stock corrected close to 35% from its recent top of 127.
The basic idea is to buy at the right support level so that we can get a good bounce and book some and bring our cost down.
Hits 111 on Feb 5th 2014 giving away excellent return in just few days.
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