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:
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.
In daily, regular bullish divergence formed here.
current correction retraced around 50% of previous rally.
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.
round bottom pattern tgt
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.
sl - 29, 1st tgt - 80, 2nd tgt - 110, long term tgt - 140