CMP 621.70 on 09.05.026
A sharp fall was seen in the stock price in recent weeks. Now it has been consolidating around the long term support projection around 580.
If sustains above 580, may go into a bullish phase ahead depending on the market conditions. Targets may be 680/730 or more.
The risk reward ration seems good around the present price. The setup fails if sustains below 580.
This illustration is solely my own view. It is shared for educational purposes. It is not a buy or sell recommendation. Please consult your financial advisor .
All the best.
A sharp fall was seen in the stock price in recent weeks. Now it has been consolidating around the long term support projection around 580.
If sustains above 580, may go into a bullish phase ahead depending on the market conditions. Targets may be 680/730 or more.
The risk reward ration seems good around the present price. The setup fails if sustains below 580.
This illustration is solely my own view. It is shared for educational purposes. It is not a buy or sell recommendation. Please consult your financial advisor .
All the best.
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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.