CIEINDIA long @ 510
Inverse Head and Shoulders pattern formed on daily charts
RS line suggests that the stock is showing strength
RSI crosses 60 and gives a near term trendline breakout
Earnings is behind us with a positive surprise which could act as a trigger towards pushing prices up
Pattern suggests Price tgt of 610 trade can be taken with SL being close below 21 EMA
RS line suggests that the stock is showing strength
RSI crosses 60 and gives a near term trendline breakout
Earnings is behind us with a positive surprise which could act as a trigger towards pushing prices up
Pattern suggests Price tgt of 610 trade can be taken with SL being close below 21 EMA
Note
1R done in 1 day
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.