13 Years Resistance Breakout
Monthly Chart Analysis
The stock has given a thirteen-year resistance breakout in July’22 and retrenched to resistance level from ATH. The breakout level, currently acting as support and the bullish candle certainly confirm the momentum in stock. If the price breaks the level of Rs 400, expected target will be Rs 530 (80%).
Daily Chart Analysis
The level of Rs 400 is acting as short term resistance since 6 months. The idea is to enter above Rs 360 for small target of 9% and if the level of Rs 400 breach, it will generate a significant return.
Technical Analysis
EMA - The price above all key moving average and ema 200 was acting as key support for past 8 trading session and today candle's closed above resistance level.
RSI Breakout – The breakout level visible in chart.
Volume – Rising volume showing a strength in stock.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
The stock has given a thirteen-year resistance breakout in July’22 and retrenched to resistance level from ATH. The breakout level, currently acting as support and the bullish candle certainly confirm the momentum in stock. If the price breaks the level of Rs 400, expected target will be Rs 530 (80%).
Daily Chart Analysis
The level of Rs 400 is acting as short term resistance since 6 months. The idea is to enter above Rs 360 for small target of 9% and if the level of Rs 400 breach, it will generate a significant return.
Technical Analysis
EMA - The price above all key moving average and ema 200 was acting as key support for past 8 trading session and today candle's closed above resistance level.
RSI Breakout – The breakout level visible in chart.
Volume – Rising volume showing a strength in stock.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Not
today price closed above Rs 360.Not
Not
target I [9%] achieved.Not
- in a week, stock has been a return of 25%.- support & resistance highlighted below.
- target II will be Rs 497
Not
target II achieved.Target III will be Rs 530
Not
price at all time high.Not
🤗 Not
strong resistance at Rs 500.İşlem kapandı: hedefe ulaştı
return of 42%.strong resistance at Rs 500 i.e. all time high.
Re-enter will be above Rs 500.
İşlem kapandı: hedefe ulaştı
TARGET III ACHEIVED.
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