Long
Buy Opto Circuits for medium to long term
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
Happy Investing / Trading
Best Regards
Shamoil
Trade active
Showing signs of reaching higher, 8-10% up todayTrade 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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.