SMS pharma on a daily chart stock price was trading
in a range bound (Rs. 98- Rs. 87) from last five months, yesterday price has
breached the level on upside, and closed above the same, indicate bullish rally
has been resume. Momentum oscillator RSI has more room left on upside, MACD has
given the positive crossover, which add more bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 98.65 for the target of Rs. 107/119 level, with Rs. 94
stop loss on closing basis.
I found this post very informative from trading point of view. Got to learn good facts here. Traders can learn live updates on stock market by following epic research as well.
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