The stock price is trading above the 50 day Moving Average at the current market price of 222.20.
It is still under the consolidation zone. Price movement above 236 will signal the breaking of that zone.
However, 246 will act as a strong resistance level. Momentum will come once this level is crossed.
See strong support at 210 if the stock fails to gather momentum and slides downwards.
Note: Not a buy/sell recommendation. Consult your investment advisor and plan your trade/investment accordingly. Strict stop loss at 5-8%.
It is still under the consolidation zone. Price movement above 236 will signal the breaking of that zone.
However, 246 will act as a strong resistance level. Momentum will come once this level is crossed.
See strong support at 210 if the stock fails to gather momentum and slides downwards.
Note: Not a buy/sell recommendation. Consult your investment advisor and plan your trade/investment accordingly. Strict stop loss at 5-8%.
