STOCKMARKET360

Get Top latest market news, Stock Market Views, Stock Market Updates and analysis on stock, derivatives, commodity and IPO markets. Get all Stock market news, BSE, NSE, Sensex Nifty, world markets, Indian markets, stock recommendation, Dalal Street, Day trading, futures, options, SEBI, market news, Business and other Financial News.

PRITI MERC – GIVEN BREAKOUT – LOOK AT THE CHART DEVELOPMENT AND ITS READING

pritimerc

LOOK AT THE CHART OF PRITI MERC

we spotted this one very late, but i would like to show you technical development on chart and how it run after giving a signal.

we can see that at bottom it has given a POSITIVE CONVERGENCE Signal, where RSI not given a new low with the price, and same reversal was confirm by moving above the trend line, so it was buy at that point almost around 175 level.

2nd thing we can notice is, there is a development of BIGGER SYMMETRIC triangle with the limit of 200 points and with this triangle stock has given a breakout at 225 level so more 200 point move we can see till 425 or even more also.

so overall indication is keep watch on this stock, which can move more in coming days.

 

 

 

Leave a Reply

Your email address will not be published.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

STOCKMARKET360 © 2017