Trading within a channel since the breakout from the base. It has taken the support from the trend line also the bottom line of the channel ideally should move towards the upper band of the channel.
For the first time it has fallen below MA 20 within the channel and MA 20 remains a resistance.
If the counter fails to break MA 9,20 resistance and falls below 85, might fall further.
However volume is gradually picking up and RSI also looks to have taken support.
CIND.N0000
For the first time it has fallen below MA 20 within the channel and MA 20 remains a resistance.
If the counter fails to break MA 9,20 resistance and falls below 85, might fall further.
However volume is gradually picking up and RSI also looks to have taken support.
CIND.N0000