After a huge rally in which topped out in Sept2021, the stock went into a long consolidation base of 2 years but never retraced for more than 23.6% on a Fibonacci scale.
3 months ago a low cheat entry was triggered and there after the you can see the volumes also coming up leading to cheat trigger and finally a pivot high was made closing above the resistance zone of the 2021 top. (389-408)
Its been 2 weeks the stock is sustaining above it. Volumes are decent. It is trading well above all the key moving averages.
Now the earlier resistance zone shall now act as a support(389-408). But the main support shall still be considered 348-369 below which if closed weekly than our view stands invalid.
As per the trend based fib 555 - 650 - 785 levels can be tested in a long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
3 months ago a low cheat entry was triggered and there after the you can see the volumes also coming up leading to cheat trigger and finally a pivot high was made closing above the resistance zone of the 2021 top. (389-408)
Its been 2 weeks the stock is sustaining above it. Volumes are decent. It is trading well above all the key moving averages.
Now the earlier resistance zone shall now act as a support(389-408). But the main support shall still be considered 348-369 below which if closed weekly than our view stands invalid.
As per the trend based fib 555 - 650 - 785 levels can be tested in a long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.