Watch Erosmedia' 221, on break above 240 , it can make 254 & 300 while a turn down from resistance can bring it down to 180 again.
This is a volume based finding and it seems to be like accumulation phase. To see the Security-wise Price Volume & deliverable position Data, open NSEINDIA web site. Go to NSE >> Product>>Equities>> Historical Data>>Security-wise Price Volume Archives will open a page subtitled Security-wise Archives (Equities) Enter the Scrip code.... select a period one one or two months to see the details of trading volume. Here I selected only 6 days to find the following data.
The bold numbers are the Deliverable quantity of that days. please go through this and learn about the volume and Delivery details of the stocks we are planning for trading or investing. Will help you in a better way to an Entry and Exit Both. Take care.
My last working Day before a vacation. see you all.
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Finding a resistance at trend line, looks at the RSI break out. That show the strength and we can expect a breakout in price too, in coming days.