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TechnoFunda_Investor

Shemaroo - Trend Reversal

Long
SHEMAROO ENTERTAIN (NSE:SHEMAROO)  
TechnoFunda_Investor  
NSE:SHEMAROO   SHEMAROO ENTERTAIN
Trend Analysis Chart Patterns Technical Indicators investingopportunity SHEMAROO
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trendanalysis chartpattern indicator investingopportunity shemaroo
Shemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation.

Positive Indicators:
1. Trend Breakout: Breakout from a negative trend
2. Positive RSI divergence
3. RSI Crossover with price breaking out of negative trend

After clearing out of 131, next strong resistances are around 135-140. Then on, it has a huge upside potential with targets of 153, 165, 175 and then it will be in open chart area.

SL: 115
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