DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe).
But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum.
Low RS score is a caution that I can highlight, not very comfortable taking a position in RS score of 25 right now especially in choppy market conditions.
But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum.
Low RS score is a caution that I can highlight, not very comfortable taking a position in RS score of 25 right now especially in choppy market conditions.
Comment:
Going strong since BO, Weak market breadth conditions and low RS score is hindering to take a position but one can see strength in this name at least for now. Volumes today higher than average as well.
Comment:
If you check out the weekly chart, it just crossed over a pivot point of ~4231 as well this week with good volumes. For weekly chart investors this might be a good call. Although overall RS is still 43, but its a good improvement from 25 which was earlier this month, This might be a scrip which outperforms in the next run for the quarter if we get one.