Monday, 12 March 2018

TECHNICAL VIEW ABOUT STAR FOR 13 MAR 2018


BUY STAR ABOVE 677 TGT 690/720 SL 644

Primary trend of the STAR  is bearish . 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 677 ; right now the stock is  trading below  its 22& 55 AND 200 days moving averages with the RSI of 40, one may expect the targets of 690/710 in the stock if it manages to sustain above the immediate strong support level of 644 level . 700 and 744 is seen as a strong resistance at 22 & 55 EMA.

DAILY CHART FOR STAR

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