Breaking out from can make the scrip surge till targets defined. Rest in charts.
Bullish momentum sign
1) - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum.
2) ( ) - Above 100
3) BH>50% CH Candle. Thanks to Deishma for providing theory insights
BH is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle.
CH is Candle Height of the Candle and is the Absolute Difference between High and Low of the Candle.
Take its percentage relation.
If BH / CH % is greater than 50%, it’s a BH>50%CH Candle.
Aiming towards TP and beyond thereon after entry confirmation around 118
SL as per risk appetite
Results are speaking for themselves wherein the Small cap company has shown substantial progress and is reducing debt, too
Will the bulls manage to surpass the bears or will the scrip again be victimized by bears taking control ??
Should able to see the scrip crossing resistance core levels of 143 after company posting progressive results in Q3 2018