Shown above is the 60 minutes chart of Indswftlab. As we can see that in the last trading session the stock had given multiple breakout of a trendline and also of many tops which were acting as a good resistance. Also the 20-day moving average has crossed the 50-day moving average on the upside indicating a buy signal for the stock. The trend line joining the lows marked as 'I' and 'J' will act as a good support coupled with the tops. Therefore, I suggest to buy the stock for targets of 34.2 maintaining a strict stop loss below 32.2.
FOLLOW US ON EMAIL
JOIN 500+ EMAIL SUBSCRIBERS. ENTER YOU EMAIL ADDRESS IN THE FORM BELOW AND RECIEVE ALL POSTS DIRECTLY IN YOUR INBOX.
Subscribe to:
Post Comments (Atom)
YOU MAY ALSO LIKE
-
Shown above is the weekly chart of Transformers And Rectifiers Ltd. As we can see that the stock has given multiple breakouts of a tripl...
-
Have you wondered why only a handful say 5 in 100 or 10 in 100 people are able to earn in the stock market? All the others fail. A major r...
-
Buy yesbank at cmp 863 for intraday target of 870-875 stoploss below 850 can hold it as positional call also for targets of around 900 and ...
-
HOLD YES BANK AS A POSITIONAL CALL WITH THE POSITIONAL STOP LOSS GIVEN BELOW 835
-
A STOCK MARKET is basically an aggregation of large number of BUYERS and SELLERS. By their activity these BUYERS and SELLERS give rise to...
No comments:
Post a Comment