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R_A_G_A_S_J
Feb 9, 2020 1:29 PM

NAM_INDIA Long

NIPPON L I A M LTDNSE

Description

On the daily chart stock price has formed "Symmetrical triangle " pattern and has given a breakout on a closing basis
* This breakout is accompanied with an increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicates an upside of 379 - 392 invalid close below 366. #Findyourtrade
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