Buy FUTURE LIFESTYLE FASHIONS LIMITED (NSE: FLFL )

2 Mar

Buy FUTURE LIFESTYLE FASHIONS LIMITED (NSE: FLFL )

 

  • The stock has been trading as per the Momentum Triple Pattern theory in all time frames such as daily, weekly and monthly chart which indicates that the trend is up and the stock could further accelerate its upside movement.
  •  On a daily chart, the stock has been taking a support of its 100 days exponential moving average and moving towards north side which suggest a bounce back move in the counter.
  • On a weekly chart, the stock has given a breakout of its consolidation phase with healthy volume activity which may lead the stock to move  towards northward direction.
  •  A weekly momentum indicator RSI and MACD indicator is showing a positive crossover which point out for a positive breath in the stock.
  •  Based on above technical structure, we are expecting a good upside movement in the counter for the upcoming trading session.

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