The stock has been in consolidation since the last six months,
the area around yellow horizontal lines being the support and resistance zones,
In the last two months, a small rising trendline is visibkle within this area
Currently, the consolidation's resistance zone as well as the trendline has been broken.
For confirmation, the volume and atr witnessed a surge on the breakout candle,
thus, there is a short term trade
tgt 1758, sl 1495
the area around yellow horizontal lines being the support and resistance zones,
In the last two months, a small rising trendline is visibkle within this area
Currently, the consolidation's resistance zone as well as the trendline has been broken.
For confirmation, the volume and atr witnessed a surge on the breakout candle,
thus, there is a short term trade
tgt 1758, sl 1495
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.