ROSSELLIND - Weekly Chart Analysis
After moving out of the base of 32 Weeks it went under another consolidation of 4 weeks and range of 14% giving breakout with huge volumes spurt. This shows the strength.
A start of new swing from here on.
The stock is sailing above all its key moving averages.
My view gets invalid if it manages to close on weekly basis below 384-352 levels. Traders can even keep tight SL below the last swing low but i would not recommend it as we analyze on weekly TF and we shall give a stock enough room for movement.
A start of new swing from here on.
The stock is sailing above all its key moving averages.
My view gets invalid if it manages to close on weekly basis below 384-352 levels. Traders can even keep tight SL below the last swing low but i would not recommend it as we analyze on weekly TF and we shall give a stock enough room for movement.
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