Stock has been making lower highs, but we have 20-50 EMA crossover and rising RSI, indicates the stock can gain upward momentum.
Stock has been in accumulating zone from April 2020 which can be seen in volume. if the stocks breaks levels of 350 we can see upward movement till 400++.
Take long positions carefully.
For Educational purpose only.
Can expect BNIFTY to cross 35600 in coming days, if global and domestics cues are positive, it is taking support of 20 EMA .Rising RSI.
Please take long positions carefully.
For Educational purpose only
1. After 2 years of Downtrend, Stock is finally gaining bullish momentum.
2. Has broken 424 level of Resistance.
3. Volume is good.
4. Golden crossover of 50-200 EMA in coming weeks.
Wait for Retest, take entry while keeping 20 or 31 EMA as Stop loss.
This is for Educational purpose only.
Stock have been in a Channel from Jan 20 , while having 3 Resistance and support level in weekly time frame. From the above chart can be concluded that price breaks 690 levels that Stock will go in uptrend.
For educational purpose only.
Please taken entry once share have broken its Multi year resistance at 566 or below depend on your Risk appetite.
1. Multi year Resistance at 566
2. Golden crossover of 50 -200 EMA in coming weeks.
3. Stocks is currently at nearly at half way away from its Life time high.