I can see lot of convergence at 503 to 512 zone. That's a big zone but I can't help it b'coz ATR is high. Also observed bullish gartley and ABCD harmonic pattern in a highly oversold zone. So there are high chances of reversal from this zone. I ll hunt for 538, 558 and 568. Initial stops is quite wide, but it could be set below the buying signal which will be...
It has been observed that the price action was trending up and then corrected sharply within a downward channel and now it is breaking above the channel indicating a further continuation move to 340 plus levels.
Closing Price 404.45
The stock has reversed from 200 day EMA
The stock may fall up to 394 / 380 / 377 in short term
Pattern gets invalidated if closing above 412
Take care & safe trading...!!!
It has been observed that the price action firstly formed a bullish inverted head and shoulder chart pattern and now it breaks above the consolidated symmetrical triangle indicating a new rally to upside.
All indicators are positive in daily chart. MACD,ADX and RSI are positive ,Stochastic also in uptrend in weekly chart. Price also came out from the range of 410.
Next target range is 437-441.