Falling Channel BO - Daawat

Daawat has given falling channel BO on the chart on the daily time frame, RSI is above 60, the MACD indicates a positive divergence, volumes are also decent.Some resistance at 74-75, once cleared target can be 84/90.
Disc: Invested, not a reco for trade, chart for education purpose only.

Bình luận:

What a move today, highest daily volume since Dec'17. RSI is 76,have given a BO. so still more strength before it is overbought. The resistance of 75 is crossed, if the market remains weak we may see a pull back & 75 may act as support. If sustains this levels, it will be a good closing on weekly chart.
Disc: Not a reco! Chart for educational purpose only