On daily time frame, we have drawn regression line and on the balance indicator. Both are basic one. We have seen quick rise coupled with good accumulation in this stock. Median line of Regression chart is at 340. Stock is trading at CMP of 354.
We have seen divergence in regression line with downward trend with upward line in OBV. It is showing tremendous potential for up move in this stock. The support line a k a stop loss kept at 340. Stock can give big up move in near future.
We have seen divergence in regression line with downward trend with upward line in OBV. It is showing tremendous potential for up move in this stock. The support line a k a stop loss kept at 340. Stock can give big up move in near future.