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BitonGroup
Feb 24, 2021 1:35 PM

VARUN Shipping Co.LTD. Weekly TF Analysis 24/02/2021 

VARUN SHIPPING CO.LTD.BSE

Description

this stock seems to be passive for a while but it can be activated in some times. it is currently in an descending parallels channel where it is falling and it is trying its upper boundary. we have to wait and check the reaction on the channel bound and then decide about its Bias after some candle confirmation
there exist a Bullish Divergence with MACD which can be interpreted as a trend reversal but that also needs some more Price Action and candle pattern conformation but we can be some how optimistic about it unless there is not bad news or fundamental data against its rally
Comments
shashankdesai52012
o lalaa. beautiful
abel11
Very detailed and clear graphical analysis
BitonGroup
@abel11, thank you very much dear for you nice words
shashankdesai52012
awsome
BitonGroup
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