Responsive Industries is in a flag pattern in weekly TF...if you observe the VOLUMES, you see that the red bars ( when stock went down) are quite small, as compared to the green bars - in the rectangular portion of the flag ( called Fly) which is a very positive sign...if it breaks out it can reach 200.
CMP -160
Target 200
This is a small cap. Quarterly Earnings will be announced shortly, and in anticipation the stock has moved up significantly today before pulling back ( the broader markets fell sharply). This is an idea...Keep watchng
CMP -160
Target 200
This is a small cap. Quarterly Earnings will be announced shortly, and in anticipation the stock has moved up significantly today before pulling back ( the broader markets fell sharply). This is an idea...Keep watchng
Note
USA Inflation data will be announced on 10th June. Indian markets could react to it...so i would expect volatility...trade cautiously or NOT AT ALL
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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.