kk827
Long

Premco Global - Possible reversal on the cards?

BSE:PREMCO   PREMCO GLOBAL LTD
Premco Global has been correcting after the uptrend till around 1000. Now its at around the 61.8 percent retracement level
Based on Vol analysis its looks be in accumulation phase now ( marked inside the rectangle ) and a reversal might be on the cards. RSI also rising
Also there is a double bottom on the daily chart

Comments

Are you still tracking this counter? I feel the same. Now stock has shown RSI Divergence as well
+1 Reply
yes i am. Its more like an investment or medium term swing kind of opportunity. Will be hard to trade because of the low volumes
Reply
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