Long

Buy Opto Circuits for medium to long term

Updated

As can be seen on weekly basis there is no obstruction for price to reach higher levels. The 200 day EMA is at 29 and the price will face some resistance at that point. The stock can be accumulated at CMP till 12.90 and SL of 12.5 for medium term to long term. There is an uptick in the AD line which shows smart money flowing in. There is a positive divergence with #Nifty50 as well as seen from major top since January 28, 2018. Nifty has formed a symmetrical triangle, whereas the opto circuits has moved upwards making new 52 week high.

Happy Investing / Trading

Best Regards

Shamoil

Trade active

Showing signs of reaching higher, 8-10% up today

Trade closed: target reached

Medium term target reached. The price should cool down a little bit now.

Trade active

can be bought at CMP till 9.5 to 10. RR is favorable

ShamoilShabbir

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