Very close to the 50 and 200 EMA.If it crosses both lines and remains above in the next couple of weeks, there is likely to be an upward momentum. watch on weekly chart and observe at this week or next weekly close for direction.
Stock is rising from March lows. making HH and HL. crossed 200 ema few days ago and now its just retraced but just bounced off 200 ema again. support level is at blue line at 667 which also coincides with the 200 ema point 720 is the previous higher high which will be a resistance.
UPI making HHs and HLs over the last few weeks. Now its above the 200 EMA, and at the junction of a trendline and a support line. strong correlation. next resistance at 498. SL at 462 and then at 438. Lets see how this plays out. There is also increase in volume. so more confidence in the upmove.
Big rally to close over 200 EMA. Immediate resistance in today's price around 1082 and then around 1230-1240 . Support at 1000-1010 and then around 910. SL can be kept at the support levels.
The stock has just broken through the 50 and 200 EMA. It also has broken through the trend line and has nicely taken support off of the support line ( blue straight line). My thesis is that it should go up with the next support level being around 650 price.
This setup is to predict next movement. If retracement, then it will bounce off the closest trend line. If it breaks that line its likely to fall down to 1747,1648 as support levels. SL may be kept here.
