BIMAS In this analysis, I have used exponential moving averages, parabolic sar and RSI
- We are at the descending triangle zone for BIMAS, therefore we need a downtrend break confirmation for seeing higher prices. - Parabolic sar didn't confirm any rise at the prices. - We should be above 20 days ema. - There is no breakout regarding RSI.
ADVISE : NO CONFIRMATION FOR BUYING THIS STOCK. WAIT FOR MY NEXT PUBLISH.
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Between the prices of 61.0-62.0, BIMAS has been bought. In the short term, our expectation for BIMAS to increase to 67.0 - 68.0. Another 25% will be bought if this price is broken.
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Support confirmed. CONTINUE TO HOLD %25
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Downtrend break has been completed. We are on the rising wedge zone. Bingo!!