Stock has good potential to move up from this level.
- There is a CWH breakout happened on Friday.
- As per SMC concept also, there is a clear cut CHoCH and minor BoS which supports this.
- Trend is up.
- Fundamentally, stock has good ratios.
- AMC stocks should give a run up when nifty is making new high as their profit will increase accordingly.
Trade active:
T1 reached.
Comment:
Stock is making new HH and HL. Some stocks can be accumulated at this level.
Trade closed: target reached:
T2 achieved.