The stock has been traveling into a rising wedge pattern for the last 2 years. Presently near the lower edge of the wedge. Reversed from the support on a red trendline many times.
If reversed from here, may go into a bullish phase.
If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200).
Analyze according to your own setups. Act wisely and patiently.
The Above illustration is only my own view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
If reversed from here, may go into a bullish phase.
If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200).
Analyze according to your own setups. Act wisely and patiently.
The Above illustration is only my own view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Note
Broke down the crucial level of 6500, on the very first day. Let's see ahead. Stay tuned.Note
CMP 6432. Around 150 points down.
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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.