Rising after being oversold. Entry for swing traders.RSI, Stoch, and William %R improving from oversold.
Price closing above all EMAs, EMA Crossovers
Social Sentiment is positive with people strongly believing in this stock. Most have been holding the position for a long time, and feel sad about how despite all the good fundamentals the stock is stuck in a range.
Having said that, there is not much resistance except the previous high at 1249.
Chikou span is in open space too.
Tenken sen is still below the Kijun Sen. But the price broke out above both after a small pullback.
Actionzone
Stocks in Action Zones - Picks for this weekPlease note that these stocks in no way are meant for immediate buying.
Instead, it's my shortlist for this week - where the stocks are in trade action zones. And could prove to be best buys if entry signals received.
However, the price may also go in the reverse direction.
I would hence be looking for entry confirmations like Breakouts, Ema Cross, RSI/MACD rising, etc (throughout the week) before taking positions.
Do let me know your thoughts.