The stock appears weak on all indicators expect for MACD which shows that stock is in some uptrend. OBV on Decline
Trading below 22 EMA. Price Volume breakout in downward direction
The volume with which sell-off has happened in last few weeks shows weakness based on price volume action.
For now the stock may find a support around 200 where there could be a formation of double bottom.
When to buy ?
One can enter only above 225 for 250 targets in short term .
Trading below 22 EMA. Price Volume breakout in downward direction
The volume with which sell-off has happened in last few weeks shows weakness based on price volume action.
For now the stock may find a support around 200 where there could be a formation of double bottom.
When to buy ?
One can enter only above 225 for 250 targets in short term .