- The stock has formed a Tweezer Bottom near 233.50 odd levels.
- Also after the counter retrace the move of 164 - 320 with 0.618 retracement near 232 levels.
- The positive divergence in RSI confirming strength in the trend with rising volumes today.
- Accumulate the stock around 230 - 40 with Stop loss of 218 for targets of 260 - 278.
- Also after the counter retrace the move of 164 - 320 with 0.618 retracement near 232 levels.
- The positive divergence in RSI confirming strength in the trend with rising volumes today.
- Accumulate the stock around 230 - 40 with Stop loss of 218 for targets of 260 - 278.
Daily Chart
Raju V Angadi
Equity Research Analyst
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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
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