Per request from one of the reader to analysis this counter.
1. Trend Analysis : Down trend after forming double peak (Bearish)
2. Break out or Survive from breakdown of double peak with large volume (greater than 40d moving average) (Bullish)
3. Candle Stick: Long White Body (Bullish)
4. ADX: Bullish crossover with good momentum (Bullish)
5. MACD: Bullish crossover (Bullish)
6. RSI : Break 50% (Bullish)
7. Stochastic: Bullish Crossover and break 80% (Bullish)
Conclusion: 6 Bull 1 Bear
Entry Price: 1.47
Profit Taking: 1.57, 1.63, 1.71
Cut Loss: 1.30
RR: .59, .94, 1.41
Not so attractive from RR perspective, still many good counter for trading outside. Please trade carefully and for short term + aggressive traders only.
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