This BO happened a couple of weeks back and i forgot to post about this. Volumes here are a big plus and i have seen some twitter handles talking about this as a decent play as well. Entered my radar recently. Much upside ahead, keep a check on this as this play has a lot of chatter and volume to go along with it.
Comment:
Ouch, strong down movement today, won't feel like much on the weekly charts but on the daily charts, a lot of players might have hit SL and moved out of this scrip. Lets see how the weekly timeframe handles this.
Comment:
Not tracking now, RS score has reduced from above 50 on 2nd Feb to near 35 today.
Will look for other stronger names.
Declining RS on a monthly level is not good for entries. Look at other names whose RS increased this month, if they are near BO, they might be at a good entry point.
Will look for other stronger names.
Declining RS on a monthly level is not good for entries. Look at other names whose RS increased this month, if they are near BO, they might be at a good entry point.