SANOFI
CMP 6304
STOP 6000
TARGET OPEN
Daily Chart
Possible Volatility contraction pattern 3T observed.
Price getting support from pivot zones.
Pivot based emas started spreading out indicating possibility of price moving up.
SANOFI
CMP 5096
A) Weekly chart (HTF)
(1 week = 31 trading hours approximately)
Trend : Up
1) MACD histogram increasing - Means SMA LMA (12/26) distance / difference increasing indicating strength on the stock.
2) ADX at a new high - Suggests strength of the trend.
3) RS above SMA & LMA - Suggests relatively higher flow of money into the stock compared to...
