The stock is in uptrend for long time and it is consolidating for the past few months.
Stock is currently in it's trend support (In weekly timeframe) and engulfing candle (In daily timeframe) with good Volume has been formed.
Stock is near 0.5 Fib retracement zone.
Hence we can expect a good up move in coming days.
Good for positional trades and swing trades.
Disclaimer: This is not investment or Trading advice. The following idea is for learning purposes and sharing my thoughts based on my analysis. Invest your capital at your own risk
Stock is currently in it's trend support (In weekly timeframe) and engulfing candle (In daily timeframe) with good Volume has been formed.
Stock is near 0.5 Fib retracement zone.
Hence we can expect a good up move in coming days.
Good for positional trades and swing trades.
Disclaimer: This is not investment or Trading advice. The following idea is for learning purposes and sharing my thoughts based on my analysis. Invest your capital at your own risk