rvc8280

20MICRONS -- Will this sustain the move?

Long
NSE:20MICRONS   20 MICRONS LTD
Looking at the recent move with good support on volumes, if the stock can sustain the momentum and cross the 106-108 hurdle, we can see strong upside movement.

2022-07-18: (72) Cross WK Piv Upside, Doji Star, on Daily/Monthly timeframe Close above 20 SMA.
2022-07-19: Today Volume is highest in past month. Also close crossed Crossing 4 week High, and also Close crossed W13SMA Upside
2022-07-22: Again volume is monthly high, Trend changed to +ve Today. Formed Three -Three-Line Strike candle stick pattern. On Weekly time frame also close crossed 20 SMA. The monthly trend is +ve & Weekly trend also Changed to +ve. On Weekly time frame, SMA-13>34>55. **
2022-07-25: Volume is highest in the past 6 Months. On Daily time frame SMA 13 crossed SMA-55 - From the Bottom. M/W/D RSI>60 - Daily RSI crossed - 3D Bk
2022-07-27: Everything is pointing +ve.
2022-07-28 High on momentum, Bearish Engulfing
2022-07-29 : ADX > 33, DI+ > 32, High on momentum - watch
2022-08-01: (100) ADX >35 DI+> 41 , Crossing 4 week High, Crossing WK Pivot Upside, Candlestick formation: Three Three-Line Strike

-- My analysis is may not be correct - pls spend time on your own research.

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