In the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Transaction en cours
Although this setup failed below 860, it retested the support level of 800. It may go active again above 875-880. Keep on watch.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.