Weekly resistance at 1800 to 1900 levels Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video
Day time frame also makes higher lows for that purpose
We will attack this higher leg and will try to extract the maximum out of the stock
Risk to reward is favorable from this point and quite logical as per price action
Risk is 4% ( 1650 would trigger an exit ) Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1 Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around 2200 to 2300 levels
Have a nice trading day Respect the STOPLOSS and accept what the market gives you Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet Thank you and your generous comment will only make this post beautiful :)