On a longer time frame, It has given an Inverted Head-N-Sholder breakout with a good delivery volume. We can expect a target of 60 and 64 in the near term. Also, we can expect a target of 72 in Mid Term time frame. Also, Investors can expect a target of 80 in long term.
Things to Note:
1. Good Wide range candle
2. Volume on BO
3. Change in market structure
4. Price above 50 MA
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Breakout of 50 will create new highs, short term target going till 76.
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Following a channel pattern. Looking in a uptrend one can buy at around 43.5-44 using 41.5 as a stop on a closing basis. Immediate target is 50 followed by 54-55. Final target is 64.
Best Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
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📌Key Highlights:
🔺BO On Weekly Time Frame.
🔺 4yrs.Trendline break on weekly .
🔺Vol. BO.
🔺Dyanamic Support and Resistance.
🔺Levels mentioned in chart.
