The stock is making HL and LL which suggest that the trend is negative. The stock has taken a support of the trendline and moved upside, we can call it a retracement move, till the time we don't see any breakout at top we can't say it has changed the trend. The stock has closed at its 50 Ema and is expected to move towards the falling trend line. We will wait for the stock to move at the trend line,if the stock breaks above the trend line we can start buying the stock, if the stock at the trend line makes any reversal pattern we can go short.

Overall the indicator and the oscillators are supporting the move and if we see any divergence ahead that would be the point where we will be more active towards selling.

Opportunity Ahead

Jul 24 2021