EPL’s share is trading above all major SMA’S EXCEPT 200 days SMA .
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening...
SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days.
The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock.
There are very good chances that it would cross the 200 days SMA and can show a good rally.
Disclaimer:...
