According to chart structure on the monthly chart,
the price is moving along with a long-term bullish trend and a correction is in
sight after it has broken below around $83. Currently, it is closing to the
trend line and a crab harmonic pattern would be forming around $55. Talking
based on the time analysis, its time would be fulfilled till Jan. 30th 2015 and it is expected that the forecast to
stay valid as long as the trend line is not broken around $52 and a demand fuel
up will be seen.
JSW Group offers highest bid for Jaypee Infra, offering a little over Rs9,900cr to bank
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