The stock is trading at its all time high and has close above its previous high with an increasing volume, which suggest that the move on the upside is strong. We are expecting more buying to come in the index if its is able to sustain above 700 on an intraday basis. If it is able to sustain above the mention level we are expecting a move of 2% with a SL of 1%.

The stock is trading above the EMA's which in itself its a good trading opportunity. The DMI+ is above the DMI- which is suggesting a positive direction, if the ADX trade above the DMI- we will get another confirmation.

The MACD is showing strength which is also a positive signal.

Advice : Buy if the above mentioned level is breach.

ADOBE

Nov 20 2021