On the daily chart stock price has formed "DOUBLE BOTTOM" pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20 and 50 day SMA which indicates positive bias.
* The above analysis indicate an upside of 120 - 123 invalid close below 112. #Findyourtrade
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20 and 50 day SMA which indicates positive bias.
* The above analysis indicate an upside of 120 - 123 invalid close below 112. #Findyourtrade
Order cancelled:
Opened gap down. Trade didn't got executed.