Breakdown/Support zone for short term to long term
The zone 58 - 60 acted as resistance multiple times in the past.
Breakout of that level is achieved on 25th March with volume.
If price reaches the level, it is most likely to be a retest and has very good chance to act as support and bounce back is expected.
More over with COVID restrictions are removed.
This stock in hotel business, should fundamentally improve and perform well in coming period.
So IMO (In my opinion), this is good for a long term investment too
Stop loss/target levels are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
Breakout of that level is achieved on 25th March with volume.
If price reaches the level, it is most likely to be a retest and has very good chance to act as support and bounce back is expected.
More over with COVID restrictions are removed.
This stock in hotel business, should fundamentally improve and perform well in coming period.
So IMO (In my opinion), this is good for a long term investment too
Stop loss/target levels are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
Transaction en cours
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.