- Reason 1: Three-Week High Breakout – The stock has broken a significant three-week high, signaling a potential uptrend.
- Reason 2: Strong RSI – The RSI is showing strength, currently at 57, which indicates momentum is in favor of buyers, with room to reach resistance near 68.
- Reason 3: Daily Momentum – The daily movement shows positive momentum with a 2.61% rise, indicating a continuation of upward pressure in the short term.
Trade Setup:
- Entry Point: Around 185.00 (current CMP), targeting a breakout continuation.
Target Price:
- First Target: 200.00 (10% gain).
- Second Target: 220.00 (20% gain), if the momentum continues.
Disclaimer: This is not financial advice and is for educational purposes only. Trading stocks involves risk, and you should carefully consider your risk tolerance and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.