RUPA BO with huge volumes above a pivot point. RUPA has come in daily screen for multiple times now and today the volumes have amazed beyond a point. Tracking this now to see if a position can be taken here on a pullback. Keep in the watchlist for now :)
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ouch ouch ouch, this gotta hurt. Market breadth has taken a shock on the last 2 days, will look for some breadth stability before even thinking about some positions now.
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Not much momentum in this. RS rating although has improved from 17 on 2nd Feb to above 30 today, but there are still better stocks out there to track I feel. Shouldn't have even posted this earlier seeing these RS scores. Good learning, one should trust RS score, failed BOs are less often when RS is good.
Consistent buying backed-up buy higher volumes (above average!!!) from 23-Apr-24. Stock just broke 200ema... What to expect?
HawkishDove
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@jagtapparag, Thanks for your comment, I just checked the chart again, it seems to have some overhead supply for now that high volumes seem to be absorbing. However, its still below the earlier BO pivot point of ~290, Not going to take position before that as that was the point it turned from and overhead supply should be expected till there. On the positive side, I can notice the stock having a 21/50 EMA crossover, but would like to see it stay that way to see it build strength after seeing a couple of high volume days.