price is in a rising channel and has taken support @ 200 ema. Also both 9 and 20 ema have crossed above 200 ema. though 50 ema is still below 200, it is also raising. the stock is coming out of a fall and is in a major resistance zone 1020-1044.
Though RSI is above MA, its not yet in overbought zone, indicating still demand is pending. also the stock is above middle band in BB and DOnchian Chennels.
wait for channel and zone breakout above 1044 and retest.
Go long with sl @ 1000.
upside target could be 1076/1104/1155& 1185
Note
This is my out look and not an invite to trade. I an mot SEBI registered IA. PLease do your own due diligence before investing
Though RSI is above MA, its not yet in overbought zone, indicating still demand is pending. also the stock is above middle band in BB and DOnchian Chennels.
wait for channel and zone breakout above 1044 and retest.
Go long with sl @ 1000.
upside target could be 1076/1104/1155& 1185
Note
This is my out look and not an invite to trade. I an mot SEBI registered IA. PLease do your own due diligence before investing
Komen:
t1 hit