VIBHA : Chart suggests a brief bounce to 7.15-7.20, but tight stops apply

Trading at 7 much of the session yesterday, there may be a bounce to 7.15-7.20 Wednesday, but what is needed is a large increase in volume and a daily close above 7.2 to turn this stock around.

There is some support at 6.85 or so, but nothing much frm here to 6.50, so if one enters at 7 or just below for a punt, a reasonably tight stop seems sensible.

 

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