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!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.