Everest Kanto major resistance breakout in a daily chart?
Major Resistance breakout in Everest Kanto.
After the continues fall, the momentum was paused from 12 May 2022 @140-155 range.
This range is tested multiple time, which helped in forming important Demand zone.
Which confirm buyer are slowly taking control, and now, we can see there is a breakout of major resistance.
Stock is having potential to reach 260 range, If it is coming for retest 175 range must act as support, for the upside rally stock has to close today's high. Ideal SL will be 163.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
EKC
After the continues fall, the momentum was paused from 12 May 2022 @140-155 range.
This range is tested multiple time, which helped in forming important Demand zone.
Which confirm buyer are slowly taking control, and now, we can see there is a breakout of major resistance.
Stock is having potential to reach 260 range, If it is coming for retest 175 range must act as support, for the upside rally stock has to close today's high. Ideal SL will be 163.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
EKC