Stock has been moving in a channel with a refusal to fall. A bullish indication from support suggests that the stock may be ready to break the channel. Let's see.
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Stock Name - Selan Exploration Technology Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 339 #This is not Buy and Sell recommendation to any one. This...
Stock Name - Selan Exploration Technology Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 248. #This is not Buy and Sell recommendation to any one. This is...
Near breakout level CMP: 154 Needs weekly close above 155. Support: 140, 115 Expectation: 170
Selan Exploration closed at a post crash weekly closing high of 154. In doing so, it broke and closed above a 30 month old weekly resistance trendline on the chart. It also closed above the 200 WMA (dark green colored line on the chart) for the first time since 2019. The stock should continue higher in the short to medium term. One can go long at CMP and add more...
Intermediate Support at 145 - 158 Long term Support(Hulk Support) : 99 - 102