The stock has formed a classical W pattern and has almost given a good breakout with high volumes and RSI confirming the charge of bulls.
Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to profit booking, so buy on dip would be a good strategy in that case. So wait for the right price action.
Good support: 168-170
Similar view for Deepak Nitrite
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to profit booking, so buy on dip would be a good strategy in that case. So wait for the right price action.
Good support: 168-170
Similar view for Deepak Nitrite
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy 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.