if it closes above 607-608 levels on daily chart. we can see a rally from here on.
it is about to break to recent swings of RSI.
Narrow CPR on daily chart
looks like MACD cross over today
ADX Cross over
Eris lifesciences can move upto 670-700 levels. Once breakout of longterm line of weekly chart to give confirmation for a higher move beyond 800-850 levels. Moving above 20 EMA on Daily Time frame. Keep a Watch
ERIS has a weekly support at 555 level. which is also coincides with 21W EMA. and 21W EMA is sloped upwards. it's better to accumulate at current levels for long term.
Hi Investors,
ERIS has been falling since 2018 Apr . After three years, Price is turning bullish while breaking both Descending trend-line and 40 months' STR Zone.
I hope you will benefit from this knowledge
-MetaVish
Beautiful triangle pattern, Stock retesting its previous Resistance level.
How to identify Retest/Retrace: the volume will increase during the breakout & will gradually fall during the retrace.
Perfect scenario to go long by end of the day if the volume & candle stick formation remains same.
Reasons to enter: 1. Low risk Trade, 2. Entering at Support levels, 3....
Eris is showing strength even after massive sell in nifty (21 Dec 2020)
Broken weekly tf trendline and sustaining above 200 dma
Forming inverted head and shoulder
a good buy can be initiated above 580 with Sl 535 for the target 665
Disclaimer : This analysis only for education purpose
