#VARUSDT The price has reached its lowest point and according to the next candles it seems to start its upward trend, so if the downward trendline is formed, we can hope for an upward trend.
BY Technical CRYPTO Analyst
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
Technical CRYPTO Analyst from sa