After closing above the ATH in February 2023 it was not able to sustain above 1095 levels. It tried thrice but failed. From June to July it consolidated for 7 weeks in range ~19% and broke out of the range giving ~39% move in just 1 week itself. Volume are good. Price trading above its key moving averages. As per the trend based fib 1st target of 1500 is already achieved. The 2nd possible level it can test is 1850-1875 levels. If price sustained the current levels.
Price action here is of key importance.
People tend to limit their toughts here thinking "Itna toh bhaag chuka hai aur kitna upar jayega?" But answer to this is never doubt a moving stock.
As i ususally say "Girte hue stock ka koi support nahi hota, aur Badhte hue stock ka koi resistance nahi hota"
FOCUS on your RISK
TARGET market dega.
Price action here is of key importance.
People tend to limit their toughts here thinking "Itna toh bhaag chuka hai aur kitna upar jayega?" But answer to this is never doubt a moving stock.
As i ususally say "Girte hue stock ka koi support nahi hota, aur Badhte hue stock ka koi resistance nahi hota"
FOCUS on your RISK
TARGET market dega.