Overall Structure Looks Bullish
SL 320
Target 510-520s Zone
POC Zone 365s
Price is moving in HH & HL Pattern on WeeklyTF
The price is just above the 200day Moving Avg for the stock with divergence
Stock is trading near the POC line
Expecting a potential upside on the stock
Lets deep dive into Daily analysis
On Daily time frame Chart we are able to understand that...
Looks good for a move up above plotted swing
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific...
can see divergence on rsi and adx also showing divergence and and we can see trend getting strong ,mostly might not touch covid level ,most stocks do not touch S3 and dont even touch covid level,from now can expect 263 and 294 as tgt1 and tgt2 respectively
As covid cases peaks out and later on each covid problem will be getting solved and the stocks might improve...
stock was in a downtrending channel n now it has given breakout from this channel ...so entered into accumulation phase ....once it completes its 1st phase of accumulation it will enter 2nd growth phase ...
It has taken support at the demand zone and moving ahead. Increasing delivery volume indicates possible price reversal. RSI has moved up from the oversold zone. MACD crossover also indicating up movement expected. Closing above 247 will push price movement till 290.
