Touching at the bottom of the monthly channel
Bullish Monthly Candles at the bottom of the channel
Can do well if stays above 200EMA. It has also broken out on the weekly chart
Any dip towards 330-340 should be bought, the long term structure looks super bullish.
I can see the targets of 7K and then it might correct for some time. This is purely based on the channel
Leader in the Insurance HDFC - Brand Parent Broke out on the weekly chart Add on Dips Stoploss would be the latest higher low on weekly time frame
Observe how 100WEMA is acting as strong support. Observe the RSI whenever the price has touched the 100WEMA
The stock broke out from 13 weeks of consolidation Positive RSI divergence Trading above 200 moving average