The stock is trading above 20 EMA, watch out for a bigmove for good upside potential.
Fundamental Analysis :
1. Entered into a $410 million contract with a Global Company for manufacture and
supply of a High-performance Product(HPP) in the fluorochemical space
2. Seven-year contract of $410mn (i.e.
approximately Rs. 2,800 crores) with a leading
Global...
On the daily time frame the stock broke out the down trend line with a good volume and is now waiting for a retest on the weekly chart for an uptrend. Since the stock just crossed the 200 EMA on the weekly chart there is a possibility on the upside.
Can go for long.
Technical Analysis for Matic/Polygon. On the Daily TimeFrame, it has formed a Head and Shoulder Pattern, and can be a bullish signal.
But keep a check on the price margin that it should not cross below the given support (Fibonacci Level 0.23).
Things to keep in mind :
1. Check for a good "Volume" breakout FTX:MATICUSD
2. Check for Moving Averages
3. Relative...
