JINDALPHOTO - Weekly Chart Analysis
A new ATH and breakout from the resistance/supply zone 416-485 levels with insane volumes.
A consolidation of almost 10 months. between the supply & demand zone.
Now it shall sustain above these levels. It is trading above all its key moving averages.
As per the trend based fib 650 - 780 - 945 are the levels that can be tested if sustained.
The previous supply zone/resistance shall now act as support/demand zone. (416-485) and weekly close below these levels shall invalidate our view.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
A consolidation of almost 10 months. between the supply & demand zone.
Now it shall sustain above these levels. It is trading above all its key moving averages.
As per the trend based fib 650 - 780 - 945 are the levels that can be tested if sustained.
The previous supply zone/resistance shall now act as support/demand zone. (416-485) and weekly close below these levels shall invalidate our view.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
571 -->> 650 -->>780