BRIGADE ENTERPRISES
- As per previous report published on Brigade Enterprises stock break its resistance @ 143, made a high around 145, but failed to closed above 145. (Click here to see previous report published on BRIGADE ENTERPRISES).
- As per graph no1, stock has now stuck in a range bound zone, this indicates as long it is moving in a range zone trend will not be clear stock will zig zag, but once Brigade closes and stays above its range zone @ 145 then bulls may get active once again, if stays above then stock looking bullish for next few trading days.
- Intraday trading tips - close watch once stock starts trading above 145, if holds above during market hours then intraday bullish move is expecting in Brigade.
- As pe graph no2, stock is moving up from 100 days moving average, this indicates as long as stock trades above it will favor bulls, but once it closes below 100 DMA then stock will show first sign of weakness. Even stock major trend indicator like "MACD" and "Stochastic Oscillator" is moving in a positive zone, this indicates that price may get improve from current levels as long as they are in +ve zone.
- Suggested Article - National saving certificate of India.
- Suggested Reading - AEIES AGRO moving in up channel formation, will favor bulls, further strength expecting once stock close above its trend line resistance.
- If stock moves up from current levels and holds above 145, then will find next strong resistance around 158 its 161.8% fibonacci retracement as shown in chart no3. Close Watch.
- Click here to see all the free trading reports (tips) published by us on BRIGADE ENTERPRISES.
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