The stock is moving in a sloping Wedge. It has taken support at lower Trendline on the weekly chart and moved on. RSI has moved upward from the oversold zone. In ADX, +DI has crossed -DI. We can expect price movement up to 105 to 115 in near terms.
The stocks is trading at Pivot zone.
The stock strongly held the 119 Level for a month.
Last month, it tried to break down the 119 level twice, but the buying pressure at this level, managed to hold the stock above it.
Now, the price has slowly closed above this key pivot level.
We also see low rejection candles which indicate buying pressure.
We can also see a...
Creative Newtech Ltd. engages in the wholesale of computer and computer peripheral equipment, imaging products, security & surveillance products, telephone, mobile phone and communication equipment and parts. The company was founded in August 1992 and is headquartered in Mumbai, India.
NSE
