Thursday, 9 November 2017

TECHNICAL VIEW ABOUT STAR FOR 10 NOV 2017


BUY STAR ABOVE 800 TGT 820/850 SL 770

Primary trend of the STAR  is bearish . and  After showing correction from the higher level, now stock is trading in short-term recovery phase, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 800 ; right now the stock is managing to trade below  its 22 &55 and 200 days moving averages with the RSI of 35, one may expect the targets of 820/860 in the stock if it manages to sustain above the immediate strong support level of 755 level . 840 is seen as a strong resistance.
DAILY CHART FOR STAR

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