GLOBAL - Weekly Chart Analysis, CMP-345.80
Updated
Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Trade closed: stop reached
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.