Observation
1) Trendline - downtrend- (Bearish)
2) Formed lower low - (Bearish)
3) MACD -4R1G (Bullish)
4) RSI - heading towards 30% (Bullish) - Start of Bull Run
5) Sto - Formed Bullish Crossover and broke above 20% (Bullish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Hammer on 23/9 and Bullish Engulfing on the 29/9(Bullish)
8) Volume Distribution- Buying Pressure high ( Bullish)
3Points
5 Points
Conclusion
Winner BULL
Entry Price 2.21
Resistance at 2.27,. 2.39,2.5 and 2.79
Support a 2.11
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
for those who looks for fundamental analysis ASTINO will be a good BUY with huge profit ..For technical perspective AStino might retest previous high
ReplyDeleteThe trend might be coming to end. A long upper shadow candlestick formed after Friday closing and signalled failure to close higher, though it's still above the resistance level of linear regression channel. If on Monday, doji bar or gap down formed, the uptrend would be exhausted.
ReplyDelete