The stock is in clear uptrend on higher time frames (Weekly & Monthly).
It has given a break out on weekly time frame and now has come to retest the same level.
In daily TF we can see the bullish candle on support and a corrective wave (A-B-C).
It has also taken support on 50 EMA.
So the confluence of the 2 context gives some conviction on this chart. If NIFTY goes up then the chances of this stock going up increase dramatically.
NOTE: Pls do not take this as an advice, Just sharing my study.
It has given a break out on weekly time frame and now has come to retest the same level.
In daily TF we can see the bullish candle on support and a corrective wave (A-B-C).
It has also taken support on 50 EMA.
So the confluence of the 2 context gives some conviction on this chart. If NIFTY goes up then the chances of this stock going up increase dramatically.
NOTE: Pls do not take this as an advice, Just sharing my study.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.