SEYA INDUSTRIES- Learning to catch Explosive stocks

24 เม.ย. 2021

This stock has a Market cap of just 159 cr.

I just happened to see the stock with a HUGE volume bar.
I drew the line from the top connecting the resistances and found it to be a BREAKOUT.

Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well.

Next I plotted the 50 & 20 DMA and found it to be just above the breakout area of the squeeze.

The MACD also is on the verge of a crossover.

Lets observe and see if this stock turns Explosive or not ? If yes, Analysis is working great and we will spot more explosive stocks this way. If not , we will learn what went wrong.