QUESS BO [Weekly]

١١ نوفمبر ٢٠٢٣

QUESS BO from a smaller base, volumes show that this might be end of bottoming process and the scrip might move ahead. BO this week is a positive indication for the same.

٣ ديسمبر ٢٠٢٣

ملاحظة

Past 3 weeks have seen overhead supply, stock is changing hands and will need more volume to breakthrough this supply defence. Once it does that, strength will show in movement.

١٣ ديسمبر ٢٠٢٣

ملاحظة

10EMA on weekly timeframe is around ~470. If it take support there, should make sense from a technical standpoint as BO was strong, lets see how this plays.
One may think of entering at 10EMA level if one missed out on this and likes the fundamentals.
[Please do your own research, sharing thoughts for knowledge purposes]

١٩ ديسمبر ٢٠٢٣

ملاحظة

Feels like supply has been absorbed, Weekly average volume for the week already reached on Tuesday, keep in list to see how this moves till the EOW, volume should move it ahead if supply has been absorbed.