It is the time to buy INDOSTAR on the following grounds:-
1. It has reached 52 week low.
2. Its stock price has reached the lower band of Bollinger band in daily, weekly and monthly chart.
3. The stock price is almost touching r2 of pivot points.
4. RSI is below 35.
5. EMA 10 and 20 are about to touch.
6. A Doji is forming signalling that the downtrend is coming to an end. Also the doji is green and it has formed on the lower Bollinger Band.
7. MACD will soon give buy signal.
8. Stochastic has given a buy signal.
9. Stochastic RSI has also given buy signal.
10. There had been a breakout a few weeks ago in weekly chart.
11. In monthly chart there is a long red candle.
12. There is a bull bear fight in daily chart and bull is starting to win since there has been a hammer candlestick formation.
After all of these points how can't we say that INDOSTAR is gonna go bullish.
Here are the MINIMUM profit expectations:-
Day Trader - 2.68%
Weekly Trader - 45.44%
Monthly Trader - 90.91%
1. It has reached 52 week low.
2. Its stock price has reached the lower band of Bollinger band in daily, weekly and monthly chart.
3. The stock price is almost touching r2 of pivot points.
4. RSI is below 35.
5. EMA 10 and 20 are about to touch.
6. A Doji is forming signalling that the downtrend is coming to an end. Also the doji is green and it has formed on the lower Bollinger Band.
7. MACD will soon give buy signal.
8. Stochastic has given a buy signal.
9. Stochastic RSI has also given buy signal.
10. There had been a breakout a few weeks ago in weekly chart.
11. In monthly chart there is a long red candle.
12. There is a bull bear fight in daily chart and bull is starting to win since there has been a hammer candlestick formation.
After all of these points how can't we say that INDOSTAR is gonna go bullish.
Here are the MINIMUM profit expectations:-
Day Trader - 2.68%
Weekly Trader - 45.44%
Monthly Trader - 90.91%