on 1D time frame you can see :-
1. strong rejection of lower price near 50EMA
2. in the previous fall it did not tested the support ( green line)
3. RSI near 30-40 range
all these suggests that this fall was inevitable
in 1Hr time frame you can see a channel (dark blue lines) where its trying to break but fails every time
it is consolidating and...
Heavy volumes are seen and you can clearly see a DIVERGENCE in RSI.
might see dip tomorrow.
but i feel as the market is up no one is going to take a risk & its a breakout tomorrow
if breaks its 1st target is going to be 4780.
buy a call in the price and Relax. and of course put a stoploss.
All the best ;)
i believe yes and in 2-3 days its has a potential break out strenth
in 1 day-time frame it has taken suppot of 50EMA which is a usual pattern .
trendline also suggests suppot .
all shorts will convert to long and will potentially move the stock upward
