All Logic Explained on chart.
Stock is consolidating since early July, Longer the consolidation Powerful is the Breakout.
Similar Price movement to Whirlpool
Not a Trade Recommendation, Please Do your own analysis.
Price bounced from Baseline and above conversion line.
Lagging span is above the cloud and taken support at Span B.
SPAN A & B are positive for future support.
CnH BO with good volume.
SL-149 or baseline DCB Can test 225.
MSTC Ltd.
Anticipated positive move witnessed above 116 on the higher side. However, the price faced resistance from the weekly higher side & mid-bollinger band.
Though the price is able to maintain a position above 50MA: 112.30 but strong positive bias had been damaged.
If the price is again able to continue positive move on the higher side, then 123 - 124...
