* On an hourly chart, the stock has given a breakout of ‘Inverted Head & Shoulder Pattern’ with increase in volume activity which indicates an upside movement in the counter.
* Additionally, a sudden spurt in the volume has been witnessed during last few trading session which indicates aggressiveness of participants.
* Moreover, the stock has bounce back from in strong support of 21 Days Exponential moving average which suggest a positive trend in a stock
* A momentum indicator RSI(14) reading is at 66.00 level with a positive crossover on an hourly chart which points out 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 Mukand Ltd @ 95.00 StopLoss 90.00 Target 105.00
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