The stock is forming an interesting pattern since last year.
Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area.
The sequence is shown on the charts.
If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior).
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area.
The sequence is shown on the charts.
If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior).
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Comment:
Reached 2410 today.
Comment:
Seems like LT has decided firmly to retest the broken support projection. As it did 2 times before (can be seen on the charts). And Thus the analysis will be completed. Quite interesting. Never hoped so.
Looks to go touch the trendline at around 3500 now.
All the best for your trading journeys.
Looks to go touch the trendline at around 3500 now.
All the best for your trading journeys.
Trade closed: target reached:
Finally touched on the trendline. Reached 3500.