It is trading again at the lower trendline level.
Will it hold? Is it a good time to buy?
I think that we should start accumulating with targets 1000/1093/1223
Share your views in the comment section!
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Note: This is for educational purpose only.
There seems to be a bullish breakout post 3 years of consolidation with high volume. Before breakout, there is a build up near resistance which indicates buying pressure. There is a breakout in RSI as well. Moreover, there is a breakout from 200 SMA which adds to the confluence.
Good channel consolidation weekly BO with volume
Buy at cmp 955 (30% only cz weekly chart not completed yet)
Happily Add on dip 870-900 range
Positional for min 5-6months
Tgt 1000 1070 1150+
Buy Motilal Oswal Above 842
SL - 759 (WCB)
Target - 1100
What an outstanding setup. Stock broken 200 days moving average few weeks back that with long candle and with big volumes. And now price is above 200 DMA and making a flag formation. Perfect flag.