vikasbhekare

Parag Milk Foods is looking bullish

Long
NSE:PARAGMILK   PARAG MILK FOODS
PARAGMILK is looking bullish on 75 mins time frame. It would be a good swing trade.
Monthly and weekly RSI is above 60, and daily RSI takes support on 50.
The trend has been up since the last few months. The stock has been corrected recently and started making higher highs and lows. A swing trade with RRR above three can be taken if the trend continues. The stop loss can be a recent low or the previous low. If you observe price action closely & compare it with RSI, there is a slight sign of "Positive Reverse Divergence" (RSI making lower lows and price making higher highs).
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