In daily, after a 6 months long consolidation price was able to break out of horizontal channel with good volume. Then it came down to retest the resistance level , now moving higher. with a sl - 920, tgt1 - 1060, in weekly and monthly it is in strong uptrend, so one should ride the trend with a trailing sl.
After the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are: small cap mid cap realty energy commodity consumption service So we may expect a good recovery from the current dip and continuation of the medium term ...
In weekly, price at horizontal support zone and hidden bullish divergence formed here. https://in.tradingview.com/x/4EI02jM7/ In daily, regular bullish divergence formed here. current correction retraced around 50% of previous rally. https://in.tradingview.com/x/d4ovojGI/ sl - 273, tgt1 - 363, tgt2 - 470
In monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out. in weekly, we can see that, round bottom is forming and fresh impulse already started here. https://in.tradingview.com/x/ajoxNhrd/ round bottom pattern tgt https://in.tradingview.com/x/Cu98yAKS/ so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
in monthly, round bottom forming here, neckline at 50-55 zone. breakout will confirm the pattern. also in monthly, price is sustaining above middle BB, and recently price closed above upper BB and BB is expanding. https://in.tradingview.com/x/IuGbj99j/ sl - 29, 1st tgt - 80, 2nd tgt - 110, long term tgt - 140