After a long time spent in the base the base formation has been done I think and there has been a clear divergence in the stochastic and rsi also.
if it crosses the level of 536 then a resistance can be seen at 567 this can be a range of consolidation and it would be better if it consolidates before going further up. It could be a great breakout who ever stuck in this stock don't sell as soon as you reach your level it has a high potential of touching its highs again.
After the big candle on 6th nov. with high volume it hasn't touched the lows again definitely some big investors made their positions. It is a good pattern and has been seen historically.
So make your own analysis before entering and predefine your stop loss, consult your advisor before making any investment.
if it crosses the level of 536 then a resistance can be seen at 567 this can be a range of consolidation and it would be better if it consolidates before going further up. It could be a great breakout who ever stuck in this stock don't sell as soon as you reach your level it has a high potential of touching its highs again.
After the big candle on 6th nov. with high volume it hasn't touched the lows again definitely some big investors made their positions. It is a good pattern and has been seen historically.
So make your own analysis before entering and predefine your stop loss, consult your advisor before making any investment.
Commentaire:
continue to hold chemical sector ha bottomed out may again touch highs in 2024 rest do your own analysis.