Bollinger band - Stock is much stronger than previous candles at the same level acc to standard deviation
Multiple trendlines breakout possible on closing basis as well as all time high.
Also, there has been a good correction in IT sector, and can show recovery now.
Inverted head and shoulder pattern. Nifty IT gave a very good move on Friday. FNO everyone goes after, big guys can move this one. Their business is quite fantastic. Can come very quickly. Should touch 2500 very quickly!
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
⚡Stock is at support trend line and RSI support level. Can be bought near trend at 1840
⚡For safe entry, buy on upside trend confirmation above 1996
For Targets 2200/2400.
⚡Avoid if breaks trend and wait for next support levels
This stock is making carious breakout pattern continuosly. people are trying to push this stock up very safely now currently its forming pole and flag as you can see buy at cmp target 2600 plus holding period 2-3 weeks