Thursday 12 July 2018

Stock to Watch For Friday-SaiProficient Cox & Kings Ltd.-Sai Proficient

On the Hourly chart, Cox & kings Ltd. is moving above the trend line. It was given breakout above the 219 resistance level with long bullish candle. The stock also showing breakout of rounding bottom chart pattern on hourly chart.

It also showing morning doji star pattern with high reversal volatility. The stock may be bought in the AROUND of Rs 221 for a target of Rs 227- 235, and a stop loss below Rs 216.


The RSI also showing crossover on RSI indicator above 30 levels for more upside momentum. Stock showing move upside from the 30 days moving average. On daily chart it shows double bottom pattern and expecting it will go Rs 245.

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