Daily Chart
From May’22 to Oct’22, stock was in downtrend. The trend reversed in Nov’22 and price continuously moving upward with higher low formation.
The chart analysis analysed in daily, 15 min, ema, volume and RSI breakout.
Resistance – Rs 430 ;
Short Term Target – 6% ;
If price break the yearly resistance of Rs 430, Revised Target will be Rs 500.
15 min chart
Breakout in shorter time frame.
Technical Chart
for past 2 weeks, price was consolidating between 200 & 20 ema. Today's candle given a resistance breakout and strength confirmed by volume & RSI indicator.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
From May’22 to Oct’22, stock was in downtrend. The trend reversed in Nov’22 and price continuously moving upward with higher low formation.
The chart analysis analysed in daily, 15 min, ema, volume and RSI breakout.
Resistance – Rs 430 ;
Short Term Target – 6% ;
If price break the yearly resistance of Rs 430, Revised Target will be Rs 500.
15 min chart
Breakout in shorter time frame.
Technical Chart
for past 2 weeks, price was consolidating between 200 & 20 ema. Today's candle given a resistance breakout and strength confirmed by volume & RSI indicator.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Commentaire:
resistance at Rs 400.
Trade fermée manuellement:
Close the trade (if any) as per price action.