The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
Comment:
Reached the first target of 2375.
Comment:
On its way. Crossing 2410.
Comment:
Reached the second target of 2425. Keep watching.
Comment:
Reached 2470. Towards 2500.
Trade closed: target reached:
Reached 2500.
Comment:
As I anticipated, the price reached 2575. Analysis completed.