Wheels India LTD, Kindly do your own study
This stock is in momentum in monthly time frame.
Monthly- Price is above 50 EMA and challenged upper bollinger band
MACD PCO near Zero line and RSI is above 60.
It'S look like ABC correction is over and B point is gone.
EMAS PCO
Weekly- Price is challenged Upper bollinger band with trendline BO
Volume has been increasing since last 6 weeks.
Daily-Concern is Big green candle at top of the main trend
Volume is huge
RSI and ADX levels are not sustainable.
Wait for the cool down of stock.
Monthly- Price is above 50 EMA and challenged upper bollinger band
MACD PCO near Zero line and RSI is above 60.
It'S look like ABC correction is over and B point is gone.
EMAS PCO
Weekly- Price is challenged Upper bollinger band with trendline BO
Volume has been increasing since last 6 weeks.
Daily-Concern is Big green candle at top of the main trend
Volume is huge
RSI and ADX levels are not sustainable.
Wait for the cool down of stock.
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