All observations on chart.
64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.
High chances that stock will cross 45 rs.
After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.
High chances that stock will cross 45 rs.
After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
Note
Volume Contraction & Breakout out of narrow range.
Note
Monthly Consolidation. Can be a Great buy for long term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.