EPL ABOVE ALL MAJOR SMAs
EPL’s share is trading above all major SMA’S EXCEPT 200 days SMA.
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening with the higher volumes on the next trading session can be a good indication for price rise.
The stock is already trading above 5, 10,15,20,50,100 days SMA AND just short by 5.079 points from its 200 days SMA.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock.
This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening with the higher volumes on the next trading session can be a good indication for price rise.
The stock is already trading above 5, 10,15,20,50,100 days SMA AND just short by 5.079 points from its 200 days SMA.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock.
This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
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