The stocks is trading at Pivot zone.
The stock strongly held the 119 Level for a month.
Last month, it tried to break down the 119 level twice, but the buying pressure at this level, managed to hold the stock above it.
Now, the price has slowly closed above this key pivot level.
We also see low rejection candles which indicate buying pressure.
We can also see a small consolidation in last 3 days. So, once the price breaks out of it, we can expect a buying momentum in Creative Peripherals up to 140 / 150 levels.
The stock strongly held the 119 Level for a month.
Last month, it tried to break down the 119 level twice, but the buying pressure at this level, managed to hold the stock above it.
Now, the price has slowly closed above this key pivot level.
We also see low rejection candles which indicate buying pressure.
We can also see a small consolidation in last 3 days. So, once the price breaks out of it, we can expect a buying momentum in Creative Peripherals up to 140 / 150 levels.