Positional call – buy STAR DELTA above 368 {closing basis} sl 290 target 450-550
please note – stock is from T group, with average volume, please enter if able to close above given levels only, we are giving this call to test the technical setup with low volume hence operator base scripts, so please trade with small qty. only, because such scripts move circuit to circuit also, so heavy qty can create a problem for exit also.
technical study of stock –
As we can see in the chart that, stock has made SYMMETRIC TRIANGLE pattern on chart, and now it has exactly touched the downside support line and given a sharp bounce.
bollinger bands also suggesting that it has moved out from oversold zone now, and even RSI also touched the oversold zone and now reversing upside.
at the recent bottom we can see that chart has created BULLISH HARAMI candlestick pattern and immediately after that it has given a three green candle which is know as “THREE WHITE SOLDIERS” which can also give us a hint about some up move.
so overall basic chart study of this stock can tell us that stock has already reverse from its bottom level but we miss to buy at that point so now, if it able to close above our desire level then only we can see some up move till given resistance level.
note – trade with small qty in this stock please many time this script move circuit to circuit up and down side also.