Educomp -Sell –India Infoline
The stock had corrected from a peak of Rs859 to the current levels. In the current week, the stock has dropped by approximately 2%, declining to its lowest weekly close in the past two weeks. The longterm charts are suggesting weakness after it broke below ascending triangle formation.
The daily Oscillators like RSI and MACD are moving in line with the prices. A break below Rs1,350 levels will see the stock entering a fresh intermediate downtrend for target of Rs700 levels.
Aggressive traders can SELL the stock at current levels and on rallies to Rs745 with a stop loss of Rs755 for a target of Rs705.
Popularity: 3% [?]
Category: Broker tips
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
