AMIORG has given a clear BO from the trend line from last few days and respecting the support line. Today, 13th Sept, there is a large volume of 2 million followed by a up movement in the stock price giving a proper breakout with backed by huge volume. Immediate target is 1170-1180. For long term targets are open. Another positive factor is a cross over of 50dma with 200dma on 1st week of August. The stock is consolidating since Nov 2021 in a price range of 800 to 1200 which may explode in near future.
What makes me more interesting is the huge volume in the stock today.
Disclaimer : Idea shared for study purpose only.
What makes me more interesting is the huge volume in the stock today.
Disclaimer : Idea shared for study purpose only.
Comment:
BO happended