Today's Top Gainer
Note:Top Gainer - Nifty 50 More
The stock has given a sharp pullback after witnessing a strong rally since the start of the March series. The stock has formed a bearish Engulfing pattern on the daily chart along with an addition of fresh short positions, indicating a negative bias going into the next week.
|Buy or Sell||Sell ( Mar Futures)|
|Stop Loss||Rs 85|
|200 D-EMA||Rs 111|
|Company||City Union Bank||
The stock is trading in a strong higher top higher bottom chart structure and is witnessing an uptick in volume as the price trends higher. Tracking the daily chart, the stock has given bullish continuation Cup & Handle pattern breakout.
It is showing strong momentum on MACD Histogram along with a good strength on the ADX Indicator, wherein the +DI line has crossed the 25 level and is trading above DI & -DI line.
|Buy or Sell||Buy (Cash)|
|Stop Loss||Rs 191.5|
|200 D-EMA||Rs 178|