Stock has been testing the long time S&R zone and in last 2 sessions has bounced from it with good volumes after making triple bottom.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute candle closes below 788 with good volume then can target 775,770 levels
SWING - Daily candle close above 805 can easily give targets of 830, 838 in coming days.
P.S. Opening of stock is important, keep the levels in mind.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute candle closes below 788 with good volume then can target 775,770 levels
SWING - Daily candle close above 805 can easily give targets of 830, 838 in coming days.
P.S. Opening of stock is important, keep the levels in mind.
Trade closed: target reached:
820 reached