In the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Trade ativo
Although this setup failed below 860, it retested the support level of 800. It may go active again above 875-880. Keep on watch.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.