Closing above the resistance can give good upmove.
If today VETO closes above supply zone, we can expect up move till next resistance. We have BO of Cupand Handle as well in DailyTF But if something goes wrong and closes below supply zone. then downtrend. Do not take trade based on this study, do your own analysis, calculate and enter with proper Risk management and at your own risk.
Stock near crucial demand zone. QonQ result is ok, but YonY result ig good. Current market sentiments are not so good, so be very cautious, and enter with strict SL. Hoping for the best.
Breakout from channel, retest done and ready to fly high. Can reach upto 880 or create new 52W high. Exit if closed again inside channel. RR = 1:2
1. W pattern can be seen in weekly TF. 2. QonQ and OPM for Jun23 are better. 2. CMP is in critcal supply zone. a. if it breaks supply zone and close above we can expect a retest and continue journey upward. b. if unsuccessful in breaking it, then downtrend.