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Accumulation with narrow range
Stock moving in narrow range.
Volumes have increase in last few sessions.
There is also pause in momentum.
(Check attached link for similar idea)
This shows we may see a good upside soon, breakout from narrow range.
Stock is holding at good supports, taking a breather after previous rally.
Check the location of narrow range
On monthly it has made new high.
support turned resistance.
Check image below
Keep a Stop loss at 107 on daily close basis.
Volumes have increase in last few sessions.
There is also pause in momentum.
(Check attached link for similar idea)
This shows we may see a good upside soon, breakout from narrow range.
Stock is holding at good supports, taking a breather after previous rally.
Check the location of narrow range
On monthly it has made new high.
support turned resistance.
Check image below
Keep a Stop loss at 107 on daily close basis.
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