SAPCRES attempting to break new high

Look at this counter having beautiful higher high and higher low and slowing testing every new resistance and break pass it nicely.

Observation
1) Trendline - Uptrend Bullish
2) Formed higher low- Bullish
3) MACD - 4G1R( Bullish) and awaiting for Bullish Crossover.
4) RSI -broke above 50%  ( Bullish) and going to test 70%
5) Sto - Bullish Crossover and rebound from 20% ( Bullish)
6) ADX - strong momentum and Bullish
7) Candle Stick -Small Gap upl  (bullish )
8) Volume Distribution - High Selling ( Bearish)

  1 Points

         7 Points







Conclusion

Winner BULL

Eventhough this counter went up but this counter have a last minute selldown in high volume which need to be cautious about.

Entry Price 4.38
Resistance at 4.53 and 4.63
Support at 4.2




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