Weekly Chart
CMP 1257
Expected target 1260 + (1200-800) = 1660 plus
Stop : Trail 30 weeks ema, currently at 1080.
1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes.
2) Relative Strength with respect to broader index indicates serious money flowing into the stock.
3) RSI has been in the bullish zone (> 50) and has been entering into the overbought zone more frequently, meaning, buying happening at all retracements.
CMP 1257
Expected target 1260 + (1200-800) = 1660 plus
Stop : Trail 30 weeks ema, currently at 1080.
1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes.
2) Relative Strength with respect to broader index indicates serious money flowing into the stock.
3) RSI has been in the bullish zone (> 50) and has been entering into the overbought zone more frequently, meaning, buying happening at all retracements.
Trading is my passion.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Trading is my passion.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.