Bollinger band has stayed expanded for almost two weeks now
Positive crossover occurred about 2 weeks ago
10 DMA- Green, 20 DMA – Yellow, 50 DMA – Orange
Take support at current prices with .05% stop loss. Should there be a correction monitor it and re enter
Make note that the target is currently positioned at 2nd resistance levels.
Hence the need to...
triangular kind of pattern is formed on daily and 4hr time frame...
so both sid view we can consider and for now my view is bullish till 3500
if tommorrow or day after tommorow stocks gives breakout then we can initiate buy or short
it might give breakout to upside with heavy volumn then it will not stop till lifehigh price so trade according own risk reward or u...
- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- RSI is around 45, it is good time to accumulate this stock.
- There is high possibility that it may move sideways for sometime because of low volumes.