CIND
CIND - waterworks
As mentioned in above chart, Cind is being rejected at marked level. But it made to breakout from a flag pattern with a considerable volume.
However, Keep an eye at given resistance zone. It could still make a bearish divergence if price appreciate abruptly.
Counter in Midterm looks much bullish, since its trading above most of SMAs 25>200
Green line is a safer entry point.
CIND - WaterworksCIND has been rejected from the redzone as expected and might come down slightly more before bouncing back..
76-78 is a good zone for buyers to be interested on ! RSI shows bit more of a retest.!
