The stock has been trending upside the move in the stock has been strong. If we study the stock carefully we have seen that the stock has always retracted till 0.382-0.618 fibonacci ratio of the upside move. Similarly we are seeing in the currency scenario the stock has retraced 0.382% of its upside move and just below 0.382% we have seen an HARAMI Pattern, Harami is a reversal pattern, nothing is sure in the market but when we get many confirmation the confidence level increases. In the current situation the stock is repeating its history, a Harami Pattern seen and the RSI is indicating an upward move and the 200 EMA is still showing an upside move.

ADVICE : Buy if the stock close above 336

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Oct 07 2021