We will have to see if it sustains the trend line as yesterday (27.09.2021) was a sharp correction in the IT stocks , but if it sustains stock might go up to meet its first target of 3748 and the second target of 4394.
Forminhg Head & Shoulder Pattern, and if it forms the last leg of right shoulder, the price can drop to 30.15 or else BO can also be seen if it crosses the support zone.
Broken the trendline and saw a major uptick in the stock price w.r.t the volume. Then forms symmetrical triangle and again saw a major BO (Downwords).
Also could not sustain the support line of 8237. Now if it could sustain the next support line i.e. 7877, it could move up again. But if it falls further then the target would be around 7400.
fter a major downtrend and a consolidation , the stock came out of the consolidation zone. As you can see a major uptick in the volume as well. Also William Alligator shows a shift in the trend.
The first target should be around 37 with a stop loss of 25.
We will have to see if the stock breaks the trend line or not, chances are it will, considering the peak in the volume. And if it does break the trend line, we will again have to see whether it breaks the resistance or not, and if it does the foirst target should be 180.
Keep stop loss around 150
Breaking the resistance level but as per MACD, the stock is overbought but may have some momentum before a downturn since the volume is consolidating
Target - Between 560-580
Stop loss- Around 520
If we look at the trend, William alligator confirms that the trend will continue . On the upside it might cross 3400 considering the volume and onn the downside it might revert back considering the zig zag pattern along the trend line.
