Tuesday, 20 February 2018

TECHNICAL VIEW ABOUT STAR FOR 21 FEB 2018


BUY STAR ABOVE 735 TGT 750/780 SL 700

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 200 days moving averages with the RSI of 40, one may expect the targets of 770/800 in the stock if it manages to sustain above the immediate strong support level of 690 level . 750 and 780 is seen as a strong resistance at 22 & 55 EMA.

DAILY CHART FOR STAR

No comments:

Post a Comment