What do you think, the stock will give 25% return in 6 months? Technical suggest the same
Check for the trend line support . Theory backed by RSI and MACD. Check fundamentals before entering.
Check for the pattern 1. Price nearly at the support level of the trend lines. 2. RSI & MACD are indicating a momentum in the future. Check for the fundamentals before buying. Exit at the indicated levels.
Chart favouring MACD, RSI & Trendline . Swing trade opportunity
Checklist: 1. MACD cross over 2. Stock is near its rally support 3. Defence stock may pick up the rally again Check for the fundamentals before entering for a swing trade.