Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
1) Green zone is the strongest support, earlier it was used to be the strong resistance. If price sustained...
FAIR value :-466 / Stock trading on 351.85
While stock ifs falling VOLUME/MOMENTUM is going up,Its a sign of short big move is comming!
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!
-breaking consolidation and moving up
-first time will manage to close over 680
-can see some short covering above 685
The stock has broken short term trend line and now testing is from above, later it has formed an Ascending channel and is at the lower boundaries being the confluence of both it is offering a beautiful entry for long. one can go long with Stop loss of 652 on closing basis for target of 720 reasonable risk to reward ratio.