- the stock is facing resistance near the levels of 520-525
- One it decisively breaks-out, 525, it can be bought with the target of 570-75 levels.
- Although MACD is converging and RSI also entering overbought zones, it indicates the breakout is not coming any time sooner
- The volume is also disappearing, hence if breakdown for 515 levels, the next target...
the stock is expected to reach the D point shortly. the confirmation for this are,
1. trendline breakout
2. harmonic pattern
4.good volume during breakout.
BUY 500 .
DURATION-( 3-4 DAYS)