Stock after whopping 100% returns in 3 months (May - July 2021), has consolidated and has formed descending triangle pattern on weekly chart, with 215-220 levels as strong support. Now, one can consider long position with SL 210 on weekly CB for targets of 260 and 280 above with more than 1:2 RR. Kindly do your analysis before initiating any trades.
Link below in description of my previous analysis. Kindly do your analysis before initiating trade.
onward tech monthly strong close expected good up move
ONWARDTEC (Monthly):- CMP 190 looks good for upside :) 1) Multiyear Breakout :) 2) Strong volume spurts
major cylinder on fire mode, please check your level & then try. #onwardtech
LOOK FRESH IN 61-62 RANGE.. TARGET 72.. WITH STOP LOSS 57.50