Dt. - 24-12-2020 Price - 513.55
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA is below 500. So we are expecting that stock can come up to 501.
On a weekly chart, the stock made a hanging man pattern and last week it closed with bearish Doji pattern.
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA is below 500. So we are expecting that stock can come up to 501.
On a weekly chart, the stock made a hanging man pattern and last week it closed with bearish Doji pattern.