Buying opportunity in the security. The Security has corrected from its higher level and pushed the price towards its all time low. At Lower levels buying pressure has pushed the price to 0.50% of fibonacci levels. At 0.50% levels the seller came into action and pulled the price down to retrace till 0.236% of fibonacci. Buyers found the price attractive at a lower level and buying was observed at that price. Currently the security is trading above 0.382% which is still suggesting a buy recommendation. A doji is formed on a closing basis, if the security opens above the high the probability of the security to trade near 0.50% level will increase. If the security opens higher than previous high and stays above that level for 1 hr start buying. On a closing basis if the security closes above previous close buy on closing basis.

The security has closed above the 50 day EMA indicating positive move.

Advice : Buy if above conditions are fulfilled.

QUBE

Mar 14 2022