On 26.12.2022 the stock bounced from a low of 270.10 with a big bullish candle on the 4 HTF.
This big bullish candle indicates the institutional buying meaning this would be a good demand zone.
The stock then made a high of 270.10 before moving in a sideways zone for the next one month and the downtrend had begun.
The stock moved towards the demand zone. Now on 28.02.2023 there was an entry of institutional orders which has taken the stock out of the demand zone.
With this buying coming into place we can anticipate the prices to move higher.
Buy @/above 295
Target = 310/320
Stop Loss = 270
Investments in stock market are subject to risks.
Past performance of stocks is not indicative of their future performance.
We make no representation/s or warranty/ies, express or implied, as to the accuracy, completeness or reliability of any information compiled herein, and hereby disclaims any liability with regard to the same, including, without limitation, any direct, indirect, incidental or consequential loss.
Investors are requested to review the stocks before investing.
This big bullish candle indicates the institutional buying meaning this would be a good demand zone.
The stock then made a high of 270.10 before moving in a sideways zone for the next one month and the downtrend had begun.
The stock moved towards the demand zone. Now on 28.02.2023 there was an entry of institutional orders which has taken the stock out of the demand zone.
With this buying coming into place we can anticipate the prices to move higher.
Buy @/above 295
Target = 310/320
Stop Loss = 270
Investments in stock market are subject to risks.
Past performance of stocks is not indicative of their future performance.
We make no representation/s or warranty/ies, express or implied, as to the accuracy, completeness or reliability of any information compiled herein, and hereby disclaims any liability with regard to the same, including, without limitation, any direct, indirect, incidental or consequential loss.
Investors are requested to review the stocks before investing.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.