Hello Everyone. i hope you all will be doing good in your trading and your life as well. I have brought a stock which is under 50 rs. and have potential to give double digit returns in few days. Stock just have given breakout of falling resistance trendline. There is higher probability we can see this stock above 50+ in coming days.
MACD is giving bullish crossover price is above 200-DEMA huge volume spike seen on breakout day
All this indicating a good reversal in stock.
Technically stock is looking good but fundamentally still not stable, so my recommendation will be only for short term.
Please follow strict stop loss and target it this. go with less qty for better result.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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