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The stock is following a trend as falling wedge. The following scenarios can be seen:
1. If the stock price is continued to follow the current trend on weekly TF, 1300/1200 may come easily.
2. If the stock price breaks the falling wedge and gives closing above TL on weekly TF, a descent gain of 20-40% i.e. 2200-2600. This can be supported by rising volume and increasing RSI.
3. The probabilities of upward movement are more prone as per current bull run.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
1. If the stock price is continued to follow the current trend on weekly TF, 1300/1200 may come easily.
2. If the stock price breaks the falling wedge and gives closing above TL on weekly TF, a descent gain of 20-40% i.e. 2200-2600. This can be supported by rising volume and increasing RSI.
3. The probabilities of upward movement are more prone as per current bull run.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Note
BO retesting done. Heading upward. Wait for the targets. Shared at 1665. Now trading at 1740. Stay invested.Note
1799 today. Stay invested.Trade fermée manuellement
Due to high volatility, the stock has entered into falling wedge again. For now, the active trade is closed. I will wait for fresh move.Note
The stick price is trying to come out of the falling wedge. Lets wait for it.Transaction en cours
Fresh BO is seen on weekly TF. Primary hurdle zone is 1800. Stay invested.Note
1594 on charts.
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