BO_Retest

9 Sep 2021

🟢 Very high volume breakout & then pullback/profit booking
🟢 ExideInd BO retest done near the 50% retracement levels
🟢 Doji formation near demand zone indicating indecisiveness.
🟢 178-182 is a very good demand zone and may take support
🟢 A good EV play and recent stake sell will add cash flow
🟢 A rerating candidate and stock has potential to move high
🟢 Stock trading near 200 DEMA. First pullback is a great buy
🟢 Daily #RSIStairs > 60. Trading above major MA & SuperTrend
🟢 12/20 DEMA bullish crossover in daily scale. Bullish

🔴 Weekly and monthly #RSIStairs still trading below 55
🔴 Relative strength in #RSIStairs is turning positive.

I have added at lower levels. Will add more after seeing some reversal confirmation. Can do some shakeout near the BO retest levels and move higher. Even if it doesn't move in near term, stock has potential to test 220/234 in #MediumTerm to #LongTerm #PortfolioBuilding #Investment

20 Sep 2021

Catatan

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