Quess Corp moving in Narrow Range
Quess Corp is moving in narrow range.
After drop in volume. Volumes are picking up week on week basis.
Price is sideways in 980 & 840 Range.
Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur.
Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the direction in which the price & volumes goes.
Since the price is sideways there are other signals of a up-move
Breakout of a Major Resistence/Neckline
Healthy higher high & higher low structure
Combining the volume & price movement. A breakout on upside is highly probable.
On a weekly basis Keep SL at 775
After drop in volume. Volumes are picking up week on week basis.
Price is sideways in 980 & 840 Range.
Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur.
Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the direction in which the price & volumes goes.
Since the price is sideways there are other signals of a up-move
Breakout of a Major Resistence/Neckline
Healthy higher high & higher low structure
Combining the volume & price movement. A breakout on upside is highly probable.
On a weekly basis Keep SL at 775
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