PEL 21/50 EMA Cross [DAILY]
Updated
PEL on an upwards slope of RS score for the past 4 weeks (Considering 750 Stock universe of Nifty 500 and Nifty MicroCap 250).
Although the RS score is just 30ish, but a positive technical cross of 21 EMA and 50 EMA can be observed with it being closer to a small base BO on daily timeframe.
Tracking now to see if one can take position if this RS improving streak continues.
Although the RS score is just 30ish, but a positive technical cross of 21 EMA and 50 EMA can be observed with it being closer to a small base BO on daily timeframe.
Tracking now to see if one can take position if this RS improving streak continues.
Note
Well well well, Market has other ideas, the way this has broken down with good volumes, will be tough to even think about seeing this for some time...Bad call, have to live with it now :(
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