This auto component maker hit a high of 631 on 7th Feb 2024. However it failed to hold onto the momentum and witnessed a decline.But, it started moving upwards Mar'24 onward and has generated almost 50% return by the close of Jun'24. The large bullish candle of Jun'24 broke out from the upper end of the rising channel.
A corrective pullback is observed in the month of July 2024 which paused its upward journey. Now, it is expected that it may continue its upward journey in a path which resembles a 'W' pattern in the formation.
NOTE: This is a technical pick and not a fundamental one. Kindly conduct your own research before making investment decision. This post is for educational purpose only.
A corrective pullback is observed in the month of July 2024 which paused its upward journey. Now, it is expected that it may continue its upward journey in a path which resembles a 'W' pattern in the formation.
NOTE: This is a technical pick and not a fundamental one. Kindly conduct your own research before making investment decision. This post is for educational purpose only.
Note
At 12% day High
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.