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EROS MEDIA – WILL IT ENTERTAIN ITS TRADERS NOW ????? SEE THE TECHNICAL CHART

EROS

Have a look at the chart development of eros.

stock has already change its trend from the bottom and now its creating a higher low’s, so there are possibilities for higher high now.

as per chart we can see there is a “SYMMETRIC TRIANGLE” development on chart, where price able to move beyond the resistnace level in last session.

even if we look closely we can see that there is “INVERTED HEAD AND SHOULDER” developed at upper level, where price able to cross the neck line now.

as per the price chart we can see that stock able to break the support level, but wont able to confirm the same, as it has not done movement below broken level.

look at the rsi development now, stock has given a good up move with the rsi in past 4-5 month period, but at present price able to sustain with support and rsi shown some weakness. and as price shown some up move now, so rsi still having a decent scope to move into the overbought zone again, which can lead for a price action.

so as per the basic study and view we can say that if price able to move above 182 level one can enter into the buy with 165 as a sl, hold delivery if stock able to give close above 182 for the day with the green candle, immediate movement it can look for is 195-215-235

but remember stock has to move above 182 and need to sustain above the rate for the considerable trading time.

 

 

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