chance of retracement hold for 3 days to next move!
noted points:
1) chart shows , stock is moving in a regular pattern, but got the strong resistance near 760 and hit reversal.
2) now it is near 1st likely support 730 points.
3) there is a chance of moving in the side waves for the next couple of weeks.
4) hold for next 2 to 3 days if it crosses 760 resistance , chance of increase in the points till 850 to 900.
5) if it breaks down the 730 points then it comes near the second likely support zone of 684 points.
Disclaimer note:
This report is for study purpose. Use this for the same.
1) chart shows , stock is moving in a regular pattern, but got the strong resistance near 760 and hit reversal.
2) now it is near 1st likely support 730 points.
3) there is a chance of moving in the side waves for the next couple of weeks.
4) hold for next 2 to 3 days if it crosses 760 resistance , chance of increase in the points till 850 to 900.
5) if it breaks down the 730 points then it comes near the second likely support zone of 684 points.
Disclaimer note:
This report is for study purpose. Use this for the same.
Comment:
moving in up trend chances are very high to reach 900 points.