@jay_lipu2000, its near demand Zone , so the buy is valid , along with buy there has to be reversal sign that the selling should be absorbed by institutional then the stock will move in upward direction
Its good and logical
@jay_lipu2000, hi i am in job late night i posted.due to my job i am not authorized to update in the noon time.my calls are on based of ichimoku time and price cycle that i can not explain on tv.its very hard to tell basic logics.
@jay_lipu2000,if u want to know the logic than i tell u , in basic technical analysis this is the first time in 2017 when rsi on daily charts touch 40 level,in an uptrend always give first pull back of rsi till 40 .usually in an uptrend rsi near 40 gets flat and take u turn. rsi is a vast subject to explain here. with my ichimoku setup i can easily see when price moved trending in the past .