Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.
Vijayaraghavn,
Chennai
The stock was into dominant trend up, last few months the stock hasn’t displayed any zeal to move up. Now at a high intensity resistance level, the price consolidated and formed a negative candle pattern. The RSI is into neutral zones creating bearish signs. Macd is into bearish zone. The stock is expected to correct to 1620-1540 levels where it may find support....
Weekly Indicators are turning from bearish and showing bullish signals. So pls refer chart .. This is not a intraday/expiry call
Vijayaraghavan.K,
Kovilpatti.
