In weekly chart, breakout is visible , therefore chart analysed on different parameters.
The short term resistance level will be trendline i.e., 10% from current level.
Daily Chart & Point of Entry - For a year, stock was range bound from Rs 180 to Rs 242. Recently price given a breakaway gap and follow up with yearly resistance breakout. Correct entry level will retest level, multiple scenario mentioned in chart.
Technical Indicator – ema, volume and RSI
Thanks -AJ
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注释
consolidation phase.
注释
resistance breakout
注释
short term target of 10% achieved.
Cup & Handle Pattern but price at resistance.
Book partial profit and re-enter above neckline.
交易结束:到达目标
交易开始
The resistance trendline breakout in weekly chart.
Entry at current level or above Rs 303 Stop Loss below Rs 264 Target Rs 373
注释
strong momentum in stock !
交易结束:到达目标
target of Rs 373 achieved !!
Strong momentum, may face some resistance at ATH i.e., Rs 388