Double bottom chart pattern formation visible, with level of 720 acting as important support zone.
Might see price consolidation zone between 907 and 1008, with momentum gaining ground once the level of 1010 is crossed.
Currently, the structure looks good, with the price also above the 40 weekly moving average.
However, always keep a stop loss of 5-8%.
Note: Not a buy/sell recommendation.
Might see price consolidation zone between 907 and 1008, with momentum gaining ground once the level of 1010 is crossed.
Currently, the structure looks good, with the price also above the 40 weekly moving average.
However, always keep a stop loss of 5-8%.
Note: Not a buy/sell recommendation.
Comment:
Crossing the level of 1010 last week to close at 1051, the stock looks strong at the moment to close at 1074 today.