CONFLUENCE OF 61.8% FIBO LEVEL + SUPPORT NEAR 1265 ZONE + ANCHOR VWAP SUPPORT FROM MARCH 2020 LOWS NEAR 1225/30
HIGH PROBABILITY that it might find some ground here ! a
disclaimer - biased ..not a recommendation , do your due diligence
refrences marked on the upside for targets of 650/83
nice bullish reversal seems to be happening on the previous support levels + bounce on anchor vwap ....
sl of 465 weekly closing basis
disclaimer: not a recommendation do you own due diligence !
DISCLAIMER - BIASED AND INVESTED
BREAKOUT OF FLAG @ 11.15 .. GIVES A TGT OF 17.6
Avwap from all time high is at 12 ..so have to see if it sustain these levels from now on .
FLAT RESISTANCE AROUND 13.8/14.4 .. IF THESE LEVELS taken out upper refrences can be challenged
seems like it has found ground near current levels
once go out and close above current downward channel on daily charts it might catch momentum !
below 191.8 closing basis can be a stoploss for it & 320/50 possible
disclaimer : i might be biased here , before any investment or trading position do your due diligence .
71/73 strong support if it found ground there and bounce then 98 to 100 can be retested and if those crossed then higher refrences can be challenged !
61 can be a sl for this
valuations seems decent !
disclaimer : not a recommendation , before any investment do your due diligence.
a pattern emerging and if it plays out like that and if neckline broken on down side then a fall of 500/550 points possible !
let see if it happens or not !
disclaimer - its a view not a trading recommendation ... do your due diligence !
the counter is SUNFLAG IRON and its showing good signs . if we want to look into pattern it looks like a cup and handle breakout . if it retest the breakout zones again then it will be a good place to add with stop loss with recent swing low (42). i am hoping in medium term it might reach to 75/80 levels
373/78 resistance zone ...which has been broken ..daily close sustain these levels ..might see a level of 410/29/42
stoploss 365 below daily closing
disclaimer - not a buy recommendation. do your due diligence