Gail
CMP 117
Trading near 52 weeks high .Had broken it earlier and restested the same.
Currently daily RSI is just below 60 …to catch speed ,daily RSI needs to be above 60 and MACD should give a buy-signal ( a PSU heavyweight stock , needs lots of lifting to move up)
Next level/resistance to watchout is 132 .
From EW prespective it is in larger wave 3.
Weekly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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