The degree and nature of separation in bands are indicating the weakness in price. Also the rsi is declined below 60. For me the price is in the no trade zone. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
#KIMS Has done a cup and handle breakout. But volumes dont look promising. Will wait for closing above 1430 or retest of breakout to add more. Already invested from 1000 levels. #vr
Good Structure observed in Indramedco For movement play buy above 96 SL below 65 Target 112-121 good support near 75-72 volumes picking up in uptrend and dry up in consolidation Fundamentals:-- Market Cap-- ₹ 809 Cr. ROCE-- 20.5 % ROE-- 17.4 % Company is almost debt free Mcap FF (Cr.)--- 395.97 Please maintain SL closing basis as this is small cap stock Risk...