Check Bull vs Bear power - (chart)
Since green candle on 13th oct, there have been total of 15 trading sessions but no candle is able to wipe gains.
This shows there is very less supply related to stock
Target - Till Daily RSI violates support of 60 (Will ride with trend)
Stoploss - Daily RSI breaks support of 60 or bottom of 13th october candle(approx -5%)
Since green candle on 13th oct, there have been total of 15 trading sessions but no candle is able to wipe gains.
This shows there is very less supply related to stock
Target - Till Daily RSI violates support of 60 (Will ride with trend)
Stoploss - Daily RSI breaks support of 60 or bottom of 13th october candle(approx -5%)
Comment:
Continue to hold till 13th october bottom is violated(price 463).