Thi scrip had formed a channel pattern after the breakdown from a wedge pattern. Now this scrip is trading at the support of the channel pattern and it has also formed hammer near the support.
As the all above gives this scrip a buy signal. If you take a look at the scrip's major trend it was in downtrend since its debut. This scrip is also trading below the monthly CPR support and it trading well below 21EMA and these give this scrip a hold signal.
Swing traders should be cautious in this scrip before taking any position. It is advised not to go long in this scrip as it would be like catching a falling knife, also there's not much sell signals to sell this scrip.
One may consider to sell this scrip if it broke down the channel pattern
As the all above gives this scrip a buy signal. If you take a look at the scrip's major trend it was in downtrend since its debut. This scrip is also trading below the monthly CPR support and it trading well below 21EMA and these give this scrip a hold signal.
Swing traders should be cautious in this scrip before taking any position. It is advised not to go long in this scrip as it would be like catching a falling knife, also there's not much sell signals to sell this scrip.
One may consider to sell this scrip if it broke down the channel pattern