Trendline Support

7 天前

"📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past.

🔍 Here's why this is exciting:

Trendline Support: The stock is respecting a multi-year ascending trendline.
Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268.
Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation.
🚨 Key Levels:

Support: 860-870
Resistance: 1,015 | 1,268
💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807."

#SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup