This one stock is roaring bullishly in this bearish market, the stock has been rallying since the last three sessions and there seems to be no stopping in near time. After yesterday’s 4% rally, the stock again surged 4% in the early trade, as its demand is not seeing any signs of suppression. Finally, today it has given breakout with good intensity of volumes on...
At import junction. Its previous resistance zone from 2018 levels and now the stock is challenging it.
Comparative Relative Strength (CRS) against Nifty 100 NSE:NIFTY100EQUALWEIGHT is showing outperformance.
Trending Moving average.
Today Volume Expansion seen above average with Wide range candle on Daily,
** Inverted Head and Shoulders-
The inverse head and shoulders occurs when a downtrend reverses into an uptrend, and is basically the head and shoulders pattern we have just analyzed turned H & S pattern . As such, it’s really just a gradual change in the direction of the trend, marked by a penetrated trend-line and weakening of the current trend.
** The Complex...
Volume has declined on down move. Hourly chart has made pin bar candle. Volume on 15 min charts around present level has increased with lot of lower wicks. 65 DEMA may act as support. Previous swing low is in vicinity. Close abv 182 may start uptrend for 200+ levels with sl below 171.
Disc : it's not an investment advice to buy or sell