Multiple Resistance”
On the daily chart, the stock has witnessed “multiple resistance” breakout around 208 levels
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms Sanghvi Movers Limited Weekly Tech Picks 10 June,
• The stock is well placed above its 20, 50 , 100 and 200 SMA which
reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 232 - 242 level
Time is 3 to 4 weeks.
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms Sanghvi Movers Limited Weekly Tech Picks 10 June,
• The stock is well placed above its 20, 50 , 100 and 200 SMA which
reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 232 - 242 level
Time is 3 to 4 weeks.
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