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CMP-327
SL- 309 (close)
Target- 400
30/8/21
- On crucial 200EMA support
- After breakout good consolidation occurred
- Closing above 333, can add more
-Trendline + Support + 200 EMA confluence
- Strong fundamental company
- Delivery Volumes have been have been impressive
- RSI divergence can be seen on 4H tf
This analysis is only for educational purposes, Invest at your own risk!
A descending triangle pattern can be seen with the resistance line at price 803-804.
Going long at 813-814 an targeting to sell at around 850-855 can prove to be very profitable .
The Volume pattern can be seen to be stable a supportive with the above mentioned pattern.
Any kind...
Accumulation is going on . No supply is found at lower level with several tests. and price is print HL. Price is trading within the upward channel. SL Suitable for entry near 760 keeping SL near729.6
