INVERTED SHOULDER PATTERN ** SWING b@75, t@85, 100; S.L @ 68 INTERSECT OF BOTH 200 EMA, 50 EMA AND BUY SIGNAL AT MACD @ 70
RETURN CHANNEL ACTION, * B@270 LEVELS FOR SWING (1-2 weeks) * TARGET @ 290,310, STOPLOSS @ 260
Stock showing strong momentum since three weeks. and RSI of 50.. stock well above 200 EMA, recent collapse due to 3%sell away. Expected 1400+ in coming weeks. ***However might make right shoulder and take a dip also, so add to portfolio at below 1250 levels.
Great on going momentum and can tend to break the resistance levels of 195 if break through and sustain (SWING long)