beautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO? Disc : Invested, not a reco for Buy/sell
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Nice BO given by Praj, 32 points movement with substantial volume since Jan 6, closed well above the 400 mark. Weekly close above 405 next week will be a strong closing.
Disc; Not a reco, chart for education purpose only.
The stock gave a good run today, almost hit UC, but could find lot of supply at 383 levels. The RSI restested the BO & now seems to be poised for a good upmove, supported by good volumes today. If this week manages to closes above 385, which is the previous swing high resistance, will be a strong closing for the stock, RSI is healthy at Just 69. Today again was a sugar/Ethanol stock day, Praj should follow in pipeline. Disc; Not a reco, chart for study purpose only. Disc: Invested
If this week manages to closes above 385, which is the previous swing high resistance, will be a strong closing for the stock, RSI is healthy at Just 69. Today again was a sugar/Ethanol stock day, Praj should follow in pipeline.
Disc; Not a reco, chart for study purpose only. Disc: Invested