IEX
CMP 144
We just looked at it.
We keep the leaders of previous bull -run (euphoria) out of our watch-lists.
The ongoing small pull back is the result of RSI divergence only.
Ging ahead ,it has lot of overhead resistances - MA, BB and falling trend line.
Hence we would keep our hopes very low for any significant uptrend (unless it starts giving sustained closings above these resistance levels for few weeks and with volumes)
Weekly Chart
Disclaimer :This post is just a for learning few methods of price-patetrns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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