Watch the breakout zone carefuliy
Fib- The retracement to 38.2% of the immediate swing is strength. The stock is back to the breakout zone which is the support now.
Candlestick - The first candle is the only strong candle post the support at 2517. Rest are very weak candles. Hence I will want to see one more strong candle above 2583 to say the strength still exits.
Conclusion- Since there is a bear candle a close below 2583 will make the trend weak. A strong hrly candle above 2583 will continue the run. In my view tomorrow can be an imp day to gauge the trend of the mkt for next 10-15 days.
Candlestick - The first candle is the only strong candle post the support at 2517. Rest are very weak candles. Hence I will want to see one more strong candle above 2583 to say the strength still exits.
Conclusion- Since there is a bear candle a close below 2583 will make the trend weak. A strong hrly candle above 2583 will continue the run. In my view tomorrow can be an imp day to gauge the trend of the mkt for next 10-15 days.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.