This buy call have to really thank of the forumer gave us some hints about this counter and after analyze it is seems it is forming a symmetrical triangle yesterday.. Do not believe check out the post in our forum yesterday.
Observation
1) Trendline - Uptrend( Bullish)
2) Formed higher high- ( Bullish)
3) MACD -Formed 4R1G last friday and have kiss of life too ( Bullish )
4) RSI -Rebound from 30%( Bullish)
5) Sto - formed bullish crossover and rebound from 20% (Bullish )
6) ADX - Weak momentum and bullish
7) Candle Stick - White Candle(Bullish.)
8) Chart Pattern - Symmetrical Triangle breakout ( Bullish)
9) Volume Distribution - Selling Pressure is more due take profit (Bearish)
1 Points
8 Points
Conclusion
Winner BULL
Symmetrical Breakout and need to ensure continuous buying pressure have tomorrow if not the breakout might fail.
Resistance 5.44, 5.625 , 5.8 and 5.97 ( Breakout target)
Support 5.18 if fail the breakout
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
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