The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
bro plz do fresh analysis of ipl plz??... view long term
TradewithAditya
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@manishtyagiagra92, Checkout above chart All we can say for now is that stock is in major downtrend and now it has taken supports at its lifetime low. Looking at the candles, we can see that the stock has lot of volatility + stock is in downtrend = not a good sign to go long heavily in it. If the low is sustained, (plus minus 8-10 rupees) then we can see a small up-move upto 245-250 (plus/minus 5 rupees) and if that upmove sustains then we can see an upmove upto even 290-300 zone
but currently, not a good stock to enter in good amount and if stuck in it, then keep a close eye for further breakdown of support