There is breakout with gap up and long bottom wick, expecting some correction.
Already there is higher high and higher low formation.
Comment:
It is making higher high, broke its previous day high.
RSI is at 77.13
MACD is also showing crossover.
As per the indicator, it has still strength go up till RSI comes in overbought zone, there I expect some correction and then it would be buying opportunity
As per Fibonacci retracement, it may correct in the range of 1463 - 1477
Already missed opportunity in this stock, so I will wait.
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RSI is at 77.13
MACD is also showing crossover.
As per the indicator, it has still strength go up till RSI comes in overbought zone, there I expect some correction and then it would be buying opportunity
As per Fibonacci retracement, it may correct in the range of 1463 - 1477
Already missed opportunity in this stock, so I will wait.