This may go parabolic while facing Resistance near 19 levels. Once closed above on weekly TF possible Target-31
Is this a double top indicating a downtrend? Confirmation awaits a closed candle below 14900 on weekly TF.
Breakout possible between June to July..
The breakdown is possible below support- 1750. A double top is a pattern for two successive peaks, which may or may not be of the same price levels. The pattern looks like an M. A double top pattern occurs when the stock fails to continue the uptrend in its second attempt as it meets resistance to pressure from sellers at its highs. In a market rally, sellers...
Neckline- 43300 Breakdown is possible once closed below these levels. Charts are meant only for educational purposes. Happy Learning!
Bounce from support levels expected- buy the dip. Support: 18650-18900
Immediate support at 1200 & 1175 could potentially retest till 50d EMA, further, the risk to reward ratio is not in favour of bulls. Great chance to grab it for long term investors.
In focus could potentially give a 10-15% breakout with the split this week once closes above the resistance. Only for study purpose.
Reclaimed 20d EMA, volume rising periodically & festive season coming. This consumer discretionary could potentially show a big move with new ATH if volume keeps growing. Only for education purpose.
Looking week on charts, Immediate support at 210.
Heading towards rounding bottom support, could potentially bottom out near 400-420 or trade sideways at those levels before heading upwards. Only for study purpose.
Heading towards 52W high, if broken RSI trendline + ATH, anticipating 450 levels. TF- 5-8 months
Great candidate for 6-10% swing above 139- watch out, only for study purpose.
Anticipating 985-1200 levels from medium term to long term
Watch out for range breakout, only for study purpose.
Anticipating rebound to 5100-6200 levels if crosses above 4650 in coming weeks.
Accumulation Zone 915-965, SL-890 & Target-1500 Period (7-10 months)