The intend is strong this time around. MACD is in green, Stochastic RSI is in favorable condition.
Unless promoters play a bit, it has the potential to cross 8.45 (strong resistance). This rally can pull this into double digits.
Not a Financial advisor, DYOR!
The price has broken the barrier and closed above the parallel zone on a 1-D chart.
MACD is about to close the gap and move in the positive zone. RSI is upwards.
So expecting an upwards trend in the coming week if the market stays positive.
RSI is downwards on a weekly chart. There is a huge resistance in the 550-560 range. The price might keep falling fall or remain flat for next couple of weeks. Be careful before trading.
As Ichimoku Cloud is in green, it will go up but before this, the price will be tested hard.
There is strong resistance at 8.45 based on a weekly chart. The orange line at 6.95 acts as a support line.
RSI is upwards at 63+. Good time to buy.
Hopefully, prices might follow the pattern in the future. It will be retested again at 8.45. As soon as it crosses the barrier, we might see some new heights for this stock.
Every indicator is showing a downward direction. It's time to exit from this stock. Price is struggling to cross the parallel zone. And the MACD is about to cross into -ve. RSI is downwards and for Stochastic RSI, the crossover is happening
let me know your thoughts in the comments section.
The price is taking support of the inclined red color trend line. The price is been fluctuating within the parallel area. I believe the price might go to Rs. 263 before testing the water.
But the MACD is about to enter to -ve zone. So someone might have to wait for some time before entering into this.
Ichimoku Cloud is in green. The MACD crossover happened today on a positive side. Which means this stock can easily give around 10% profit in the near future. Momentum is at 10 which is above 0 and it is upwards. Tradingview analysis is very bullish on a daily chart.
I don't see a bearish. Some traders fear bearish trend. I don't see a reason behind it. This is...