A stock to watch. In the month of July when we encountered a BC bar, We did expect that the stock will face supply and struggle to move up. The stock did face lot of supply within the "Shadow of the BC bar". After getting pushed below the 50 DMA the stock was on the recovery move. Finally it is attempting to move past the shadow of the "BC" bar. Relative strength and buying pressure remains positive. However the volume and money flow is still lacking. A good move past with volume support will propel the stock into a higher trajectory.
Also look at the below chart as well
Also look at the below chart as well
