in weekly it is in strong uptrend,
in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here.
sl - 1573, 1st tgt - 1732, tgt2 - 1800
Stock is in an uptrend. Longs can be inititaed. Long at 1655 tgt 1755 sl 1650 closing basis.
Disclaimer: I am a novice at charting and this chart is only for educational purpose. Views and opinions are welcome.
The stock has been making higher top, higher bottom, one of the easiest set up to trade.
The fall from top appears corrective. if you can accumulate at 1630-20 levels. with a stop loss of 1600, one can target 1760 levels.
good risk reward
we saw a bearish engulfing pattern , dark cloud cover and the bearish divergence there and as the price is below 8 ema short the stock !!!!!!!!!!!!!!!!!!!!!!
