* On a daily line chart, the stock has given breakout of its Downward Sloping Trend line which suggests an upside movement in the counter.
* Moreover, the stock has started to trade above its 21-DEMA which is placed at 286 which shows a positive trend in the stock.
* Even on a weekly chart, the stock has been trading with its strong support of 100 weeks moving average which indicates that the short to medium term trend is up.
* A daily momentum indicator RSI reading is at 62.29 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy INOX Leisure Ltd @ 296.90 StopLoss 285 Target 320
To Read Complete Report & Disclaimer Click Here
For More choiceindia Disclaimer http://www.choiceindia.com/disclaimer.aspx
Above views are of the author and not of the website kindly read disclaimer