Stock could see rapid price changes in either direction.
Bullish Scenario:
* If the price holds above ₹606, an initial upward move toward ₹661 and then ₹717 is possible.
* A safer long-term entry point would be if the stock sustains above ₹717 for a week.
* Initial targets range from ₹845 to ₹900.
* Should it maintain this upward trend for 1-2 weeks, further targets of ₹1139 to ₹1194, and potentially even ₹1433 to ₹1488, could be in play.
Bearish Scenario:
* If the stock falls and stays below ₹514, it could drop to ₹459.
* For long-term investors, ₹459 should be considered a strict stop-loss, as a move below this level suggests a more significant downtrend.
Note: Always factor in a small buffer around these price levels.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Bullish Scenario:
* If the price holds above ₹606, an initial upward move toward ₹661 and then ₹717 is possible.
* A safer long-term entry point would be if the stock sustains above ₹717 for a week.
* Initial targets range from ₹845 to ₹900.
* Should it maintain this upward trend for 1-2 weeks, further targets of ₹1139 to ₹1194, and potentially even ₹1433 to ₹1488, could be in play.
Bearish Scenario:
* If the stock falls and stays below ₹514, it could drop to ₹459.
* For long-term investors, ₹459 should be considered a strict stop-loss, as a move below this level suggests a more significant downtrend.
Note: Always factor in a small buffer around these price levels.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
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.