COX AND KINGS
- As per previous report published on COX & KINGS , stock showed sharp up move after breaking its resistance @ 278.50 and after that made a high around 308 in just 3 trading days. (Click here to see previous report published on COX & KINGS).
- Now current chart no1 indicates that stock is moving in a up channe formation so as long stock in up patter it will be favored by bulls, once Cox & Kings comes out from up pattern and breaks it on down side then stock can give some correction. Close Watch.
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- As per graph no2, stock is facing 23.6% fibonacci retracement support at current and is holding above, so as long as stock holds above 288 chances are high that stock may move up, but once stock closes and stays below 288 then will find next support around 280 its 38.2% fibonacci retracement.
- As pe chart no3, stock is also holding above 161.8% fibonacci retracement , its previous resistance is now acting as a major support for Cox & Kings, close watch once stock closes and stays above its recent high @ 310 then further strength is expecting and stock can be in bulls grip for next few trading days.
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- Intraday Trading Call - Close watch once Cox & Kings starts trading above 310 during market hours , if holds above 310 then intraday bulls action is expecting.
- Click here to see all the free trading reports (tips) published by us on COX & KINGS.
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