STRIDES ACROLABS
- As per previous report published on STAR, stock failed to close above its major resistance @ 690, gave intraday move and closes below 690. After that stock made a low around 633. (Click here to see previous report published on STAR).
- Now technical indicates stock is current stuck in a range bound zone, so as long as stock moved in between its range trend will not be clear, but once stock comes out from its range then sharp move is expecting in STAR, as shown in graph no1.
- As per graph no2, stock is moving up from 23.6% fibonacci retracement support this will favor bulls , but once stock closes and stays above its recent top @ 696 then bulls will get active for next few trading days.
- Intraday close watch once STAR starts trade above 696, if holds above during market hours then intraday bullish move is expecting.
- Suggested Reading - DIVIS LABS moving in a range bond zone , sharp move expecting once stock comes out from its range.
- If stock moves up from current levels and holds above 696 then STAR will find next strong resistance around 735, as shown in chart no3. Close Watch.
- Click here to see all the free trading reports (tips) published by us on STAR.
- Stock tips for tomorrow.
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