Technical Observations – 1) Trading in rising channel pattern 2) Consolidation seen in 1000 - 700 range 3) Taking support at channel trendline & weekly 200 SMA 4) One can use the simple strategy of buying at support and sell at resistance in this kind of trading range 5) Now Weekly 200 SMA is strong support 6) RSI falling wedge trendline breakout seen 7) Warning - Very very low volume stock
Resistance – 1096/1347/1665/1926
Support –700 & Weekly 200 SMA
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.