The stock is following a trend as falling wedge. The following scenarios can be seen:
1. If the stock price is continued to follow the current trend on weekly TF, 1300/1200 may come easily.
2. If the stock price breaks the falling wedge and gives closing above TL on weekly TF, a descent gain of 20-40% i.e. 2200-2600. This can be supported by rising volume and increasing RSI.
3. The probabilities of upward movement are more prone as per current bull run.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
1. If the stock price is continued to follow the current trend on weekly TF, 1300/1200 may come easily.
2. If the stock price breaks the falling wedge and gives closing above TL on weekly TF, a descent gain of 20-40% i.e. 2200-2600. This can be supported by rising volume and increasing RSI.
3. The probabilities of upward movement are more prone as per current bull run.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Comment:
BO retesting done. Heading upward. Wait for the targets. Shared at 1665. Now trading at 1740. Stay invested.
Comment:
1799 today. Stay invested.
Trade closed manually:
Due to high volatility, the stock has entered into falling wedge again. For now, the active trade is closed. I will wait for fresh move.
Comment:
The stick price is trying to come out of the falling wedge. Lets wait for it.
Trade active:
Fresh BO is seen on weekly TF. Primary hurdle zone is 1800. Stay invested.
Comment:
1594 on charts.