Friday, 9 February 2018

WEEKLY TECHNICAL VIEW ABOUT STAR FOR 12-16 FEB 2017


BUY STAR ABOVE 750 TGT 790/830 SL 690

Primary trend of the STAR  is bullish . and  After showing correction from the higher level, now stock is trading in short-term recovery phase, 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 750 ; right now the stock is managing to trade below  its 22& 55 AND 2000 days moving averages with the RSI of 40, one may expect the targets of 780/830 in the stock if it manages to sustain above the immediate strong support level of 690 level . 760 and 790 is seen as a strong resistance at 22 & 55 EMA.

DAILY CHART FOR STAR