MRPL - A stock to WatchThe stock up move was stopped by a "BC" bar. Then the stock was push down to the 50 DMA. Taking support from there the stock started to recover. Now seems to succeed in crossing above the the supply shadow of the "BC" bar in the second attempt. Money Flow and Buying Pressure were already positive . The Relative strength is also turning positive. A good close above 122 with volume support will take the stock to the next lap of the up Move up. A stock to watch.
BC-BAR
PRAJINDThe stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher.
Also on the weekly as well the stock is moving above the supply shadow of a BC bar. All key parameters remaining positive.