This stock is at a crucial level.
Few things to look out,
1. Weekly Doji Candle. Next week closing will decide the momentum for this stock. I am inclined towards positive momentum. One weekly closing above 107.65 will ensure new uptrend.
2. Daily chart is also given. Fibonacci Retracement went just above 0.5 level. This indicates healthy retracement.
3. Major uptrend started from the gap which took place on Monday. Always look out for this type of gaps. If at all this level comes dont forget to bet on contra positions. Go long even if its downtrend.
1. Weekly Doji Candle. Next week closing will decide the momentum for this stock. I am inclined towards positive momentum. One weekly closing above 107.65 will ensure new uptrend.
2. Daily chart is also given. Fibonacci Retracement went just above 0.5 level. This indicates healthy retracement.
3. Major uptrend started from the gap which took place on Monday. Always look out for this type of gaps. If at all this level comes dont forget to bet on contra positions. Go long even if its downtrend.
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