EMAMI : A stock to watch - Expecting new ATH soon only if...
⚡Price Analysis:
1️⃣ Broke 9 yrs ATH level and currently trading near a critical support.
2️⃣ Only if the price continue to show trend I will plan else not.
3️⃣ Volumes looks decent.
✨ My Expectations:
➡️ Bullish strength is lacking will wait for the price to show strength first.
➡️ In 1H TF expecting bullish structure formation.
➡️ Expecting strong weekly candle closing for confirmation of the reversal.
➡️ Overall market sentiment is critical. I will not be very surprised even if price comes down to 450-480 levels before bouncing back.
🎯1h TF:
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
1️⃣ Broke 9 yrs ATH level and currently trading near a critical support.
2️⃣ Only if the price continue to show trend I will plan else not.
3️⃣ Volumes looks decent.
✨ My Expectations:
➡️ Bullish strength is lacking will wait for the price to show strength first.
➡️ In 1H TF expecting bullish structure formation.
➡️ Expecting strong weekly candle closing for confirmation of the reversal.
➡️ Overall market sentiment is critical. I will not be very surprised even if price comes down to 450-480 levels before bouncing back.
🎯1h TF:
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Anubrata Ray ⚡
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