ParamjitMahapatro

izmo looks bullish in short to medium term

Long
NSE:IZMO   IZMO LTD
in daily, price bounced from the support zone , also hidden bullish divergence is seen here.
sl - 52, tgt1 - 60, tgt2 - 70
Trade active: after a BB squeeze, izmo showing strength, price closed above upper BB with good volume and BB is expanding.
Trade closed: target reached: both of the tgts reached here, recently it has corrected and now at support level (trend line + 20ma). it should bounce from here,
Comment: price is trending up and sustaining above 20 ma, 82 level can be achieved here,
Comment: tgt of 82 is achieved here.

Comments

sircan u please update this chart ,... izmo at 107 ... can we target 120>? am holding at 112
Reply
@samyr99, it has overhead resistance at 116, that can give a hurdle, good thing is in weekly it is in a strong uptrend, so there is a good chance for resistance breakout, .
Reply
samyr99 ParamjitMahapatro
@ParamjitMahapatro, thats a great news.. am holding for long term so i will hold with patience ,.,. thanks a million for the analysis
+1 Reply