Stock was trading in a Symmetrical Triangle and had price move today which will likely close with a gap today..
As there are buying volumes with the gap it can be a breakaway if price sustains..
Now the second move should be to close above 260 with volumes and retesting of the support.. Then it can be a BO opportunity to go long for targets of 300, 350+ .. Otherwise price will retrace back maybe to 210-220 levels (will buy at this level for long term)
Full disclaimer: I already own a position in this stock as it was a value investing pick for me.. I bought at around 200-210 levels and keeping it as a long term pick...
For more such updates on your favourite stocks, follow my page.
Please also suggest any stock chart you would like me to analyse for you (NSE, NYSE, NASDAQ, CRYPTO) ..It will be a good way for all of us to learn
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As there are buying volumes with the gap it can be a breakaway if price sustains..
Now the second move should be to close above 260 with volumes and retesting of the support.. Then it can be a BO opportunity to go long for targets of 300, 350+ .. Otherwise price will retrace back maybe to 210-220 levels (will buy at this level for long term)
Full disclaimer: I already own a position in this stock as it was a value investing pick for me.. I bought at around 200-210 levels and keeping it as a long term pick...
For more such updates on your favourite stocks, follow my page.
Please also suggest any stock chart you would like me to analyse for you (NSE, NYSE, NASDAQ, CRYPTO) ..It will be a good way for all of us to learn
Furthermore, provide your feedback on how I should improve my analysis and what more would you like to see from my page here
