CMP 1635 on 12.06.25
The chart is self-explanatory. The stock price has increased by approximately 20% over the past month. This time, reaching the confluence area around 1640-1650.
If the area around 1650 reacts as resistance again, a correction period will then ensue.
Targets may be 1570/1470.
The setup will lose significance if it sustains above 1680.
The above illustration and analysis are only for learning and sharing purposes; it is not buy or sell recommendations.
All the best.
The chart is self-explanatory. The stock price has increased by approximately 20% over the past month. This time, reaching the confluence area around 1640-1650.
If the area around 1650 reacts as resistance again, a correction period will then ensue.
Targets may be 1570/1470.
The setup will lose significance if it sustains above 1680.
The above illustration and analysis are only for learning and sharing purposes; it is not buy or sell recommendations.
All the best.
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.