AWHCL Trade setup for Diwali 2024

6天前

Stock Analysis and Trade Setup

The chart shows a clear range with key levels and potential trade setups:

• Long Setup: A breakout above the first resistance level around 818.4 would indicate bullish momentum, targeting 846.8 as the first level and potentially extending towards 902.7. Enter a long position only after a confirmed breakout above 818.4 with strong buying volume.
• Short Setup: If the price fails to hold above the resistance and drops below the 666.25 support level, it could signal a bearish trend continuation. A breakdown below 666.25 could lead to a significant downside move, possibly reaching the next support around 560.2.

The price is currently testing the resistance area and might consolidate before choosing a direction. Monitor closely for breakout signals or rejection patterns at these key levels to confirm the trade direction.

Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.