Last week it has formed Hammer pattern, currently the stock price has sharp up move after that hammer pattern.
It appears to be reversal pattern.
CMP is near breakout area if you see the white line on the chart which indicates that breakout can be expected next week.
Price is holding 100 period EMA.
14 Period RSI is also facing up above 50 levels.
I might give good up move till 915/1005.
(Time limit 1-2 months)
Buy @ 840 for the target of 915/1005 with SL @ 750
DESCLAIMER:
The AnalysisSense charts provided for information and educational purpose only. No member does not accept liability for your use of the analysis. The views is provided on an " as is " and " as available " basis, without any representations, warranties or conditions of any kind.
All stock recommendations and comments are the opinion / views of writer and are education purpose only. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision.
It appears to be reversal pattern.
CMP is near breakout area if you see the white line on the chart which indicates that breakout can be expected next week.
Price is holding 100 period EMA.
14 Period RSI is also facing up above 50 levels.
I might give good up move till 915/1005.
(Time limit 1-2 months)
Buy @ 840 for the target of 915/1005 with SL @ 750
DESCLAIMER:
The AnalysisSense charts provided for information and educational purpose only. No member does not accept liability for your use of the analysis. The views is provided on an " as is " and " as available " basis, without any representations, warranties or conditions of any kind.
All stock recommendations and comments are the opinion / views of writer and are education purpose only. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision.