Onward Technologies Limited - Long Setup, Move is ON...#ONWARDTEC trading above Resistance of 608
Next Resistance is at 761
Support is at 406
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ONWARDTEC
ONWARDTEC short term analysis ONWARDTECH hourly chart is shown in the idea.
As per the chart shown above, ONWARDTEC is continuously making new higher highs and higher lows. This stock is taking trendline support which is marked in green from last few weeks.
currently, the stock is consolidating in a range from 480 to 530, to formed a selling zone at around 520 to 530 levels, and buying zone at around 488 to 480.
for decisive breakout or breakdown the stock has to break the levels on either side for the short term targets marked in the dashed lines on both sides.
Disclaimer: This idea is only for educational purpose and not a personal recommendation please follow your setup and own research before initiating any trade.