It is been observed that the price action is indicating a strong support at 600-630 levels, where good buying shall be seen. Therefore, now the price action shall reverse from the support zone to move forward to next resistance levels of 665-670.
The stock fell a lot and now has been in an upward move, as seen by the trendline.
The previous day it showed great strength on the trendline base.
The blue line is an important daily level ( see chart below )
which it crossed today.
If it sustains above 790, it could see levels of 830-850 in coming days.
It is been observed that the price action is facing resistance at 780-85 levels previously and now it has broken above the strong resistance levels, it shall now move further up.
It is been observed on the Daily Chart that the price action consolidated within a downward channel or flag formation and then breaks and closes above it, indicated a channel breakout. Now, it has further moved up from the breakout levels indicating a continuation of trend and further move up.
Target1 : 770
Target 2: 780
It is been observed on the Daily chart that the price action breaks below the pennant or symmetrical triangle formation, indicating a further move to downside. It shall further reach down to support levels.
Target : 750