The stock price has formed a Cup & Handle-like pattern since January 2025. This moment is reaching near the breakout levels of 1820-1840.
If it sustains above 1840, it may go bullish to see the levels of 1975/2215.
Support levels are around 1710.
One has to maintain risk management according to the exit levels below 1700.
Second view -
If it does not sustain above the levels of 1840-1860, and slips down below 1700, the setup will show weakness and a bearish view. Then it may go lower to the levels of 1480 and 1365.
All these illustrations are for learning and knowledge-sharing purposes. It should not be considered as a buying or selling recommendation.
All the best.
If it sustains above 1840, it may go bullish to see the levels of 1975/2215.
Support levels are around 1710.
One has to maintain risk management according to the exit levels below 1700.
Second view -
If it does not sustain above the levels of 1840-1860, and slips down below 1700, the setup will show weakness and a bearish view. Then it may go lower to the levels of 1480 and 1365.
All these illustrations are for learning and knowledge-sharing purposes. It should not be considered as a buying or selling recommendation.
All the best.
Trade active
Reached the first target downside 1480.
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.
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.