Daily Time Frame : The stock has made a Harami Pattern also known as pregnant baby, near the Support which suggests reversal. The stock has corrected exactly 0.50% of the fibonacci ratio and bounced back and is quoting above the 0.382% of fibonacci. If this is sustained we can expect the stock to rise more and can expect the stock to make new highs.
Sl will be stock closing below 0.50% level of fibonacci.

RSI : The rsi is showing the strength in the move by falling the price.

MACD : Macd crossover below 0 will be a great sign as well as expecting the Macd to cross above 0.

EMA : The Ema's are showing some flat movementem in the stock in coming days but closing above both the Ema can bring some buying in the stock.

Overall a good opportunity to buy.

Advice : Buy @ CMP

Buy

Jul 19 2021

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