CMP-198.25
today it had breache its multiple time resistant at 198 with good volumes. it it sustain then it open up the possibilities of higher targets. the next reistane level is the 100DEMA which is around 204. target of next week would be 219( Fibonacci level .618) and if it crosses then 240 which is 200DEMA.
other indicator,
RSI-61.8 at camp, shows strength in the script.
MACD bullish crossover happened today, so bullishness will prevail going ahead.
note: I only share analysis of scripts in which I am invested. any suggestions are welcome, this is purely for learning purpose.
today it had breache its multiple time resistant at 198 with good volumes. it it sustain then it open up the possibilities of higher targets. the next reistane level is the 100DEMA which is around 204. target of next week would be 219( Fibonacci level .618) and if it crosses then 240 which is 200DEMA.
other indicator,
RSI-61.8 at camp, shows strength in the script.
MACD bullish crossover happened today, so bullishness will prevail going ahead.
note: I only share analysis of scripts in which I am invested. any suggestions are welcome, this is purely for learning purpose.