The stock has formed a classical W pattern and has almost given a good breakout with high volumes and RSI confirming the charge of bulls.
Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to profit booking, so buy on dip would be a good strategy in that case. So wait for the right price action.
Good support: 168-170
Similar view for Deepak Nitrite
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to profit booking, so buy on dip would be a good strategy in that case. So wait for the right price action.
Good support: 168-170
Similar view for Deepak Nitrite
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。