Quess Corp moving in Narrow Range
Quess Corp is moving in narrow range.
After drop in volume. Volumes are picking up week on week basis.
Price is sideways in 980 & 840 Range.
Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur.
Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the direction in which the price & volumes goes.
Since the price is sideways there are other signals of a up-move
Breakout of a Major Resistence/Neckline
Healthy higher high & higher low structure
Combining the volume & price movement. A breakout on upside is highly probable.
On a weekly basis Keep SL at 775
After drop in volume. Volumes are picking up week on week basis.
Price is sideways in 980 & 840 Range.
Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur.
Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the direction in which the price & volumes goes.
Since the price is sideways there are other signals of a up-move
Breakout of a Major Resistence/Neckline
Healthy higher high & higher low structure
Combining the volume & price movement. A breakout on upside is highly probable.
On a weekly basis Keep SL at 775
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.