9.3 months momentum 5 months elapsed, remaining 4 month Target 778 / 879 /1043 SL 615
Another stock breaking out after a good range of compression. Strength can be expected here as well!
Trade explained in Chart..
Positive Divergence in Stochastic, Bullish MACD crossover with strong histogram formation.
Enter only above close of 471 for Target of 474 With SL 469 For day trade only
Relaxo seems to have broken out of it's downtrend and has completed an a-b-c correction. It can be longed with a stop below the 0.618 fib with a target of an all time high.
