1) Bullish flag pattern on daily chart 2) RSI above 50 3) Golden cross over of Moving Averages still continuing But there is an indecisive candle at the end, may be selling pressure for profit booking? *Better to accumulate now or at dips. ** Open for constructive criticism
but the stock highest reach is only 600 there are more possible that stock price may decrease too
ajaychak
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@Neminathan,Thank you for your analysis sir and I agree with you that the stock may go down. I am thinking bullish because of the points mentioned above and also the momentum is high (even the monthly and weekly rsi is above 60, ADX is above 20). And regarding resistance at 52 wk or all time high, its bound to break someday as we always know market verdict is Final. Besides if Amazon-Airtel deal materializes, we should not miss the ride now.