Peaking out in the month of September 2017, the stock has not made any significant gateway since then. Presently, it has formed a double top
at 5440 levels and is attempting to break out of this formation. Weekly RSI
marked a fresh 14-period high which is bullish
. Weekly MACD
has shown a positive crossover and it is now bullish
while trading above its signal line. Though prices have closed above Bollinger Band
on both Weekly and Daily Charts
, some mild pullback inside the band is likely. However, the stock is showing strong undercurrent and we may see upward revision in prices over coming days.