Are we seeing a buying opportunity in the stock? Let's check if it is then what would be the entry point and exit point.

The stock has closed above its rissing trendline suggesting a trendline breakout. The stock took support at the MA of the BB and again moved to its primary trend, i.e. uptrend. If we look at the candles, the recent candle is showing good buying pressure suggesting buyers are ready to buy the stock at a higher level.

We have used 3 EMA's 20,50,200 all the EMA's are showing an upward move. The stock is trading above the EMA's suggesting strength.

We can expect the stock to move towards the upper band of BB.

The RSI is at 76 which is overbought something to watch for.

Risk Takers can buy @ cmp. 

Advice : Buy on Dip

Buy on Dip

Aug 15 2021

4