1. The stock has ultimate support at support at 561.55. However, it has shown has shown
Daily support at 581 but only for one day which is low of 19th April 2024 and 11 hours support at 585.
2. If the stock has to become bullish for the next month, smart money requires liquidity means maximum shares at least price. The stock has very big target but we have to be patient and act more smartly than the so-called smart money.
3. Then. how to do it?
4. a. Watch that the level of 561.55 is not broken and be patient till 4th May 2024,
use 37 weighted moving average in 15 minutes timeframe at least.
b. Look at the big green candle at the left marked by vertical red line.
The price closed below high of this candle which is 593.05, price should be above this candle for buying the stock.
c. Now, the levels for short term
Buy only above 594.075 Targets 598.7612915
Target 2 602.075 Target 3 605.9338953
Target 4 610.075 Target 5 614.2161047
Target 6 618.075 Target 7 623.9314065
Target 8 625.5298132
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.