Network 18 : Risky Buy
Counter had tendency to bounce from 25-27 level which has already happened twice on Sept 13 & March 17. Today's volume was above average. RSI and CCI has given positive cross over. RSI is showing + divergence. Overall pattern is still not giving that kind of confidence to suggest for low risk takers.
Only delivery traders having high risk appetite should go for buying at 27.50 with stop loss below 25 ( daily closing) for target 29.2-34 and even higher.
Mar-17 was the month when it had posted bottom of 26 and then moved on for 60+ level.
Only delivery traders having high risk appetite should go for buying at 27.50 with stop loss below 25 ( daily closing) for target 29.2-34 and even higher.
Mar-17 was the month when it had posted bottom of 26 and then moved on for 60+ level.
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