Chart Source: Poemsview 7th Oct 2019
St Engineering might be a worth a second look as it had a flush recently. Is St engineering about to fall more or is there hope? Here are some reasons that we feel that a rebound might be coming.
- Volume today is more than previous day
- It managed to close above the 200ema
- It managed to close above 20ema which it failed to do so the previous time
- It also broke out of its short term downtrend line.
As such St engineering is in our watchlist for a rebound. Lets watch for a good entry!
Some of our past records of St engineering can be seen here!