SOLARINDS is breaking out of a daily base and not only that, but its Relative Strength score has been on an upslope. Data has been as follows:
23rd Feb - 63
1st Mar - 72
7th Mar - 79
Today(At the time of posting) - 86
So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to see how high RS score stocks perform with follow up BOs in strong momentum.
23rd Feb - 63
1st Mar - 72
7th Mar - 79
Today(At the time of posting) - 86
So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to see how high RS score stocks perform with follow up BOs in strong momentum.
Comment:
RS now at 90. Stock is holding much better than the overall market of 750 stocks that i track. Might be a good entry above pivot level 7843 if the market condition improves.