Stock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024
There is only strong resistance around 145800
All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions.
If Green line broken down decisively then "Support becomes Resistance" theory suppose to be...
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My Findings :-
1. Breakout from a Resistance which use to be a Support Earlier.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 76000
SL- 65800
RR- 1: 1.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor...
