varadtambolkar

Quess Corp moving in Narrow Range

Long
NSE:QUESS   QUESS CORP LTD
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