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SPECIALTY – TECHNICAL CHART STUDY

SPECIALITY

buy SPECIALTY above 148 if close above 148 or sustain above 148 for 1 hour then hold sl 135 target 165-185

technical study

we can see that price is above the resistance level now, and sustain for almost 6 trading session, stock is trading on 8-9 months high now.

even rsi able to take support on trendline and moved above resistance level now, currently its in overbought zone.

on a long term chart it has given a signal of “BULLISH NEGATIVE CONVERGENCE”  and same having a breakout level above recent high level.

in last 5-6 session it has developed signal of “BULLISH NEGATIVE DIVERGENCE” but yet not able to confirm the bullish trend on chart.

as per candlestick pattern, recently it has given a “DOJI” candle on chart, and after that it has given a “STRONG BULLISH” candle in last session, and overall it has developed “MORNING STAR” candlestick pattern on chart now.

so overall, all signal having a important level at 148 in this stock, so if price able to move above this level and sustain for at least one hour in intraday and on closing basis if price close above this level then stock can given good up move with upcoming chart development.

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