Price range 144 to 145 is going to act as a good support as it is a confluence of Weekly pivot support1, 200 EMA (4Hrs.) and the trend line. Any price movement withing this range can be a good buy! Any decisive close below this range can be considered as stop loss. The first target can be the weekly pivot near 149.5
double bottom breakout expected. Levels are marked on the charts.
Disclaimer: It's not a trade call. It's for educational purpose only. Please do your own analysis before investing in any scrips.
Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The...
The stock is in uptrend on a higher TF & moving in a channel.
It is currently at a weekly support and this week's candle closure in the green territory shall mean the stock is up for a good swing of 18-20%
Weekly Chart Analysis : Trading inside large parallel channel pattern. Coming days, if this share sustains above 200 then expect 300-400 levels easily. Currently, watchout for Inverse H & S pattern with SL as weekly candle close below yellow TD line. Low risk trade. Good for investors.
