Previously the stock made a CUP & HANDLE pattern in daily timeframe.
It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high.
Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity.
For added confluence
1. RSI is below 40 (which will fall a bit as the stock approaches 1180 - 1200, CMP/LTP 1221).
2. 100 Day EMA is near 1170.
Important Levels
Entry - 1185
SL - 1125
Target 1 - 1280 (1.58R)
Target 2 - 1350 (2.75R)
**Do your own research before taking any trade**
It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high.
Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity.
For added confluence
1. RSI is below 40 (which will fall a bit as the stock approaches 1180 - 1200, CMP/LTP 1221).
2. 100 Day EMA is near 1170.
Important Levels
Entry - 1185
SL - 1125
Target 1 - 1280 (1.58R)
Target 2 - 1350 (2.75R)
**Do your own research before taking any trade**
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.
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.