Thursday, July 20, 2017

EYE ON STAR ; ABOVE 200 EMA


buy star above 1050 TGT 1070/1100 SL 1000

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

Primary trend of the STAR  is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1050 ; Overall trend of the stock is bullish and after experiencing correction from the higher level. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 65, one may expect the targets of 1070/1100 in the stock if it manages to sustain above the immediate support level of 1000. 200 EMA can see as a strong support at 1050. it is likely to experience fresh buying with the crossing of 200 EMA , where one may keep the targets of 1100,1120 in the stock with the stop loss of 1000.
DAILY CHART FOR STAR:

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