The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.
It is not yet conformed that the stock will move up or go down, wait till it give any confirmation.
A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest.
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a...
The stock momentum is slanting up-direction.
It break the direction with heavy volume.
At present stock is gaining the buyers volume.
Buyers are attracting in the present scenario.
But there is a strong resistance near the price.
In the conclusion I will say that because of the heavy volume Stock can break the resistance and go up.
But traders can not...
DEPENDS ON OPENING ONLY WE CAN SAY IN WHICH DIRECTION IT WILL MOVE. HERE IS THE BASIC CHANNEL. IF IT SUSTAIN ABOVE 708-710 AREA, STRONG BULLISH TREND. 699 - 710 IS IMPORTANT AREA. AND THE ITS VOLATILITY IS HIGH. SO EXPECTING 7% - 10% MINIMUM MOVEMENT. HAPPY TRADING :-)