On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR.
If it manages to close above and sustain above it then 474 also can be tested in the long term.
Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR.
If it manages to close above and sustain above it then 474 also can be tested in the long term.
Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
거래청산: 스탑 닿음
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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.