SHOPERSTOP trade ideas
Shoppers StopThe daily chart of Shoppers Stop looking interesting.
After a break down below Rs 350, the stock has been on a continuous downfall.
The daily chart is exhibiting positive divergence in RSI which suggests some rally is on card.
Buy for a target of Rs 165 to 170 in three months.
The stock belongs to small-cap and suitable for high-risk takers.
ShopperStopFinding support at monthly support line (pink)
good quarterly results
long above previous days open
short below monthly trednline with volume spike and MACD giving positive signal
