STOCKMARKET360

ATTENTION 100% FREE LIVE TIPS & RECCOMENDATIONS. GET 100% LIVE FUNDAMENTAL & TECHNICAL RESEARCH ON INDIAN STOCK MARKET. COMMODITIES,FOREX MARKET, FREE TIPS

SKS MICRO FINANCE CAN WE EXPECT A BREAKOUT ??? SEE WHAT CHARTS ARE SAYING

SMSMICRO

BUY SKS MICRO FINANCE above 153 {if close above this then hold delivery} sl 120 target 180-210

technical reading –

look at the chart development, its look like stock is slowly changing its direction after fixing a rounding bottom near to 100 level.

with reference with RSI we can see that there is a development of “DIVERGENCE” on chart so if price able to move above given resistance level then we can see BULLISH DIVERGENCE on chart, if condition not full-fill then there are chances of BEARISH DIVERGENCE also.

As per the trend-line direction, price has able to cross its long term trend-line upper side, and able to give good close above “RISING WEDGE” on chart.

past four trading session, it has given continuous green candle on chart which can show the bullishness of stock.

so as per the basic study concern we can see that if price is able move above given price then we can see upside move in this stock in coming days.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

STOCKMARKET360 © 2017