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marketmoneymohmaya
Jan 22, 2024 5:09 PM

IMPAL - Weekly Chart Analysis, CMP-1170.20 Long

INDIA MOTOR PARTSNSE

Description

After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey.
It is well trading above all its key moving averages too.

966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view invalid.

1280 - 1470 - 2024 are the levels it can test over the long term.


Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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