The stock is in a correction phase and it will correct till its support at 56/41. MACD has also given a negative crossover
Showing posts with label Ascending Triangle. Show all posts
Showing posts with label Ascending Triangle. Show all posts
Wednesday, April 23, 2014
Friday, January 3, 2014
Trading Sintex Ind's Ascending Triangle
As per the observation the stock had performed well in market. From last September 2013, now the stock is giving clear indication of a continuation and the stock price is expected to move up to 43/52 which are the next potential resistance.
The RSI is above 70 and making a bearish divergence thus forming the stock as a risky trade and can be advised to traders with quick entry and exit strategy.
Subscribe to:
Posts (Atom)