- Prices have taken support at the 50 Day EMA along with the Daily RSI bouncing from its Oversold level.
- Price correction of 18% is also in line with its past corrections.
- Hence stock is expected to continue its on-going up-move to form a new high in 3300-3500 zone.
- Bullish outlook would remain intact as long as price is above 2400.
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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.