As can be seen the price has reached previous resistance turned into support. The stock can show a reversal from here as seen in an uptick in AD line whilst the price is moving down. there is no positive divergence with Nifty 50 and performing worst as index has moved sideways the stock has moved down further.
The stock can be bought for short reversal till it touches the kijun sen. To change the sentiment to medium - longterm investment it should conclusively trade above the Kijun.
Happy trading / investing
Regards
Shamoil
The stock can be bought for short reversal till it touches the kijun sen. To change the sentiment to medium - longterm investment it should conclusively trade above the Kijun.
Happy trading / investing
Regards
Shamoil