Stock in triangle formation ,downtrend. close to 200 EMA. Watch for break out upside or downside.
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Breakout should happen around results (5th Nov )
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6 nov -no change in volumes RSI in weak zone MACD still negative . stock still inside triangle. (Results and dividend declaration on 11-nov )If stock breaks trendline with volume grater than average . Short trade can be initiated till results for tgt of 820 and 840 .Stock still under 50 ema .better is to hold buying till results.
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11 nov-stock breaout above tendline . Next hurdle 840 . Once 840 crosses then 900 -940 tgt. 12 Nov to have green candle to go long for 900 tgt.
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Stock near 840 which is first resistance . High volumes, strong candles. go long and add on retracement
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RSI crossed 60 so momentum strong MACD abt to cross 0.
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