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CMP
100.70
Buy Band
95 102
Sequential Targets
120 145
Stop Loss
88
Time Frame
45 Days
RS Software:
Trend line Crossover
MACD Crossover
and trading
above zero line
RSI trading
near 60 level
Observation
The stock has crossed above the downward sloping trend line with higher volumes, which is a bullish indication.
The stock is making higher top higher bottom formation from last 3 sessions, which is also a bullish indication.
All the momentum indicators are showing positive indications for the stock.
RSI is trading near 60 level
MACD has crossed its average from down side while trading near zero line, which is a bullish indication
ADX has shown positive breakout for the stock.
The stock is also trading above 21 days EMA , which is bullish indication.
On weekly chart also the stock has crossed above the downward sloping trend line
Traders could start accumulating this stock between `.95 to `.102 for sequential targets of `.120 and `.145 (earlier resistance
level). Traders could keep the stop loss at `.88 level on weekly closing basis.
RETAIL RESEARCH
Note: Once the market opens for trade, the analyst will review it and decide to give the call through an internal mail/SMS at the same or different levels of
entry, target and stop loss or not give the call at all or give a call in Futures/call/put. Clients could get in touch with the analyst through their designated
dealers to check about this.
RETAIL RESEARCH