Tomorrow might get a dip .which will be a buy for sure.
minimum of 10 points is an easy target
All the best!!
It tried to break but failed.
might seem to be a fake breakout. but i see it in a different way
explanation- gap down opening killing its strength ,
reason- global panic, US market on a verge of breakdown.
bulls are aggressive . not letting the stock fall.
might see a breakout .
will fall, and test its support
1. weak RSI
2. global fear as US market has actually broke down by the time i posted this.
1st target is around 605 if opens normally or, USA market recovers till then
if it starts with a gap down opening(which will mean USA market has not recovered yet ) it will open at 605, a bounce will be there testing 50 EMA on a 5 minute time frame. and then fall will continue
2nd target is 590 which will be the bottom.
and then consolidates to find support