Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More
* On an hourly scale, the stock has bounced from its multiple support line which suggests a bounce back move in the counter.
* Moreover, the stock has started to trade above its 50 Hourly Exponential Moving Average which shows a positive move in the counter.
* Additionally, the stock has given a breakout of its upper band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* On a daily scale, the stock has bounced back from the lower Bollinger Band indicator which shows a good upside move the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy Magma Fincorp Ltd @ 127.60-127.00 Target 135 Stoploss 123.50
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