HOURLY HAS BROKEN THE WEEKLY TRENDLINE RESISTANCE -
NOW FALLING DOWN TO TEST THE SUPPORT
ANY UTURN IN THIS MONTH CAN GIVE HUGE RETURNS....
WAIT FOR THE RIGHT ENTRY
previous demand zone was 46-54
now we need to wait for the momentum pickup in Hourly & 4H charts
hourly charts rose for the first time but need to test this 53 support - it helps in liquidity adn also giving a firm faith on the support
at double/triple tops/bottoms, if the consequent points are making with ascending/descending MACD/RSI/Volumes...
that relation shows if sth is cokking
it shows if the stock is gaining momentum or is looking weak
(i call this bottom fishing) well pros look for a confirmation i guess.. but this is chart reading- no calls
chart is self explanatory
BUT
discussions are open
BO above 88 will go to a zone of 95-100
momentum building up as the 3rd bottom MACD is higher than 1st &2nd Bottom
even volumes seem almost equal at the third bottom
So its kinds early call but woorthtaking a shot
stock has fallen alot after a rally
now picking momentum slowly (from MACD)
tuk small qty @35.4
and has broken the triangle on upside
target of 39/39.5
little fundamental, we shudnt forget the Promoters were BUYERS frommore than 6months
