Please refer the linked breakout idea on how today's trade was planned.
The Fib retracement levels are drawn on chart this time for clarity.
The stock is at a crucial level - Cup is ready !
Go long above 174.5 for 176, 177, 178 with SL at 173
Stock performed very bullish on previous day.
Now its going towards resistance & it may retest before it give a good breakout.
Little Correction & profit booking may happen tomorrow. May fall up to 175.
Share is taking support of trend line and in attempt of breaking resistance level of ₹172.75 and if breaks than the price will try to break ₹188.75 levels. If it fall in next trading session the stock is likely to test the support level of ₹159.7 RSI on daily chart is neutral however the stock has given closing above previous close and with higher volume.
it took support @175(0.5gold num) and whenever it took support @175 went to 200rs , I have drawn barrel channels if it breaks 182.60 then go for buy above @183 targets updated in charts .power sectors doing very well. I have mentioned only bullish views and thanks for view my charts. please comment it on your view