As per rising chennel started in the stock, the buy level is 530 to 540 zone which is a strong support level if Nifty does not break the exsiting up trend. With a small stoploss 515 which was earlier resitance, next level can be seen as 608 and 667 as per rising channel fibonachi extension, so in coming weeks one can look for at least 15 to 20 % rally. The main point in whole idea is positive MACD on weekly chart, Bullish RSI and most awaited / important crossover of 20 and 200 moving days averages which is likely to happened in coming weeks.
Please consult your financial advisor before making any investment. Everyone has different risk management techniques.
These ideas are totally for educational purposes, one can take idea to how analyse the stock behaviour as per technical instrument avalable.
Please consult your financial advisor before making any investment. Everyone has different risk management techniques.
These ideas are totally for educational purposes, one can take idea to how analyse the stock behaviour as per technical instrument avalable.