CMP 1550 on 03.04.25
The chart marks all the important levels. The stock price has corrected by around 25% in recent weeks. According to the above setup, it seems to be on the supports.
If it reverses from these levels, it may go into a bullish phase ahead. Possible targets may be 1660/1780/1840.
The setup will lose significance if the price sustains below 1470.
One should keep the position size according to risk management.
All these illustrations are only for learning and sharing purposes, not a trading recommendation.
All the best.
The chart marks all the important levels. The stock price has corrected by around 25% in recent weeks. According to the above setup, it seems to be on the supports.
If it reverses from these levels, it may go into a bullish phase ahead. Possible targets may be 1660/1780/1840.
The setup will lose significance if the price sustains below 1470.
One should keep the position size according to risk management.
All these illustrations are only for learning and sharing purposes, not a trading recommendation.
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.