Daawat has given falling channel BO on the chart on the daily time frame, RSI is above 60, the MACD indicates a positive divergence, volumes are also decent.Some resistance at 74-75, once cleared target can be 84/90.
Disc: Invested, not a reco for trade, chart for education purpose only.
Disc: Invested, not a reco for trade, chart for education purpose only.
Note
What a move today, highest daily volume since Dec'17. RSI is 76,have given a BO. so still more strength before it is overbought. The resistance of 75 is crossed, if the market remains weak we may see a pull back & 75 may act as support. If sustains this levels, it will be a good closing on weekly chart.Disc: Not a reco! Chart for educational purpose only
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.