Crisil have given breakout from a cup and handle formation
above 3500 with peak volumes showing huge buying interest and sudden change in sentiment.
Both RSI and MACD are showing positive signs.
RSI has breached above 60 which confirms that bulls are very strong.
MACD has also shown crossover which confirms change in sentiment.
Precaution:- Since broader market are in negative node and there is death cross in Nifty
so try to buy near breakout level rather than catching at higher prices for better
risk-reward.
above 3500 with peak volumes showing huge buying interest and sudden change in sentiment.
Both RSI and MACD are showing positive signs.
RSI has breached above 60 which confirms that bulls are very strong.
MACD has also shown crossover which confirms change in sentiment.
Precaution:- Since broader market are in negative node and there is death cross in Nifty
so try to buy near breakout level rather than catching at higher prices for better
risk-reward.
