Technical of Jumbo Bag Indicated accumulation Pattern in this stock is going On.Trading interest is reduced or near to null.But smart players are accumulating this stock
As seen from the chart the stock is not breaking its support at 30.When ever it goes neae its lower range volumes increases on that day.
5 EMA is around 31 which is proving to be a major resistance,Once thats crossed it will move to its next tgt of 35 in no time.
Next tgt comes around 40
RSI is showing positive divergence which should be taken as an indicator to enter this stock with a exposure not more than 500 shares.
Keep tgts of 35 and 40 in mind