1) W pattern formation on daily time frame 2) price retest 0.38 Fib level 3) Strong volume supported in recent trading Keep watch on level expect brake out in upside Only concern last two attempts resulted in reversal at 1425 level This will 3 rd attempt to brake the same
Stock is in uptrend trading at 170 a piece. Immediate support in the range of 158 to 164 with upside R1 178 and final weekly resistance 190. At present stock is trading at 100 Dema which can act as reversal point. Once stock brake 194 level , we can see brake out in a stock.
Its time to watch crucial level of 600 weekly charts showing head and Shoulders pattern. Brake down from 600 level will create room for further down side . Need to watch whether it will fall from here or will reverse.
Its time to watch crucial level of 600 weekly charts showing head and Shoulders pattern. Brake down from 600 level will create room for further down side . Need to watch whether it will fall from here or will reverse.
Stock is chasing weekly resistance 230 . If brake , it will go 250 ++ , 270. Supported by good volume. If brake out fails it will take support at 180 - 185. Analysis is only for learning purposes. No buy sell recommendation.
Keep watch for multi year brake out . Rounding bottom formation on Weekly TF Once brake 290 will go up 320 and 350