Update on Shree Pushkar: - Weekly Time Frame
Amazing how similar patterns play out, and then news follows:
- The Smaller Yellow Box is forming a similar pattern to the Bigger yellow box. A Bigger Cup base and a handle like formation on both the small setup and the big setup.
- The smaller box and the bigger box formed a Positive RSI divergence and reversed.
- The reversal came post upmove from the RSI divergence and turning of the 40MA weekly.
- Currently the jump comes in from 40MA weekly.
- Fibo 0.618 sustained after given a shakeout below it.
- RSI breaking out as well.
CMP 203 from 167.
A bullish bias can be expected moving forward in the stock.
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