Led by global clues, markets had a strong gapup opening but failed to cross the high formed in first 5 minutes. Closing was near open though markets were up almost 1%.
But everything still remains in a range so action is stock specific.
Intraday charts clearly show rangebound trading... the first 5 min high was not crossed, the opening level broke later in the day and markets ended up closing near open.
Trendline resistance is clearly visible on hourly charts
But everything still remains in a range so action is stock specific.
Intraday charts clearly show rangebound trading... the first 5 min high was not crossed, the opening level broke later in the day and markets ended up closing near open.
Trendline resistance is clearly visible on hourly charts
