Milan_Vaishnav_CMT_MSTA
Long

BUY INTELLECT with short term holding target of 225

NSE:INTELLECT   INTELLECT DESIGN A
NSE:INTELLECT

The stock broke out of a Double Top formation and attempted breakout above 205. However, after marking highs near 217 the stock suffered a classical throwback. A breakout was likely as the stock had closed outside its upper Bollinger band after which it saw a temporary pullback inside. On the Weekly Charts, the stock has closed outside its upper Bollinger band which shows a breakout is more likely. While it remains in a large rounding bottom formation on the Weekly Charts which is bullish , the Weekly MACD has reported a positive crossover. Some resumption of up move is likely over coming days.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out