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BY A STAFF REPORTER
Stock currently lying in a falling wedge type of pattern which is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation as possibilities are there a falling wedge breakout , resulting a large uptrend.
Last candle was a small bullish Hammer type Doji candle taking support from vital level 1920. Closing basis Tried to cross 100 DMA
& retracement hurdle 1950. Bullish momentum to be expected above wedge break out level 1980 &2000 <20dma > then expected projection upto 2121 possible as a positional basis.
Last candle was a small bullish Hammer type Doji candle taking support from vital level 1920. Closing basis Tried to cross 100 DMA
& retracement hurdle 1950. Bullish momentum to be expected above wedge break out level 1980 &2000 <20dma > then expected projection upto 2121 possible as a positional basis.
Source : Eureka
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