Price - 590.10 Dt. - 1-1-2021
Stock is in uptrend from August and facing resistance at trendline. On 31st Dec. the stock broke the trendline and closed successfully above that with higher than average volume. Today stock opened above the trendline and managed to close in green by making a Doji but with very less volume. RSI is at 71 near oversold zone. We are expecting the stock to move in up direction with the support of purple trendline with normal volume. If a stock opens in green then it will be buy call and if fails to do so, it can go up to the horizontal support line placed at 572.25.
Stock is in uptrend from August and facing resistance at trendline. On 31st Dec. the stock broke the trendline and closed successfully above that with higher than average volume. Today stock opened above the trendline and managed to close in green by making a Doji but with very less volume. RSI is at 71 near oversold zone. We are expecting the stock to move in up direction with the support of purple trendline with normal volume. If a stock opens in green then it will be buy call and if fails to do so, it can go up to the horizontal support line placed at 572.25.