Responsive Industries is in a flag pattern in weekly TF...if you observe the VOLUMES, you see that the red bars ( when stock went down) are quite small, as compared to the green bars - in the rectangular portion of the flag ( called Fly) which is a very positive sign...if it breaks out it can reach 200.
CMP -160
Target 200
This is a small cap. Quarterly Earnings will be announced shortly, and in anticipation the stock has moved up significantly today before pulling back ( the broader markets fell sharply). This is an idea...Keep watchng
CMP -160
Target 200
This is a small cap. Quarterly Earnings will be announced shortly, and in anticipation the stock has moved up significantly today before pulling back ( the broader markets fell sharply). This is an idea...Keep watchng
Commentaire:
USA Inflation data will be announced on 10th June. Indian markets could react to it...so i would expect volatility...trade cautiously or NOT AT ALL