The above analysis is based purely on price action & chart patterns. The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry levels + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis. Checkout my other ideas/charts to understand how chart pattern & price action works.
Very nicely done.
Unfortunately SL hit according to your analysis.
This great portfolio stock for long term.Valuations are bit higher but earning are justifying PE.
I am a net buyer of stocks so even if it falls to 1000, i will keep buying.
I hope it falls so i can buy more.
AdityaKarn90
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@fitboysingh, Yes you are right. It has the potential to be a good portfolio stock.
My analysis was for trading purpose and in trading, we must have a proper SL.
But for investing, rules are somewhat different.
even I am looking for it to come down so that I can add it to my portfolio.
Unfortunately SL hit according to your analysis.
This great portfolio stock for long term.Valuations are bit higher but earning are justifying PE.
I am a net buyer of stocks so even if it falls to 1000, i will keep buying.
I hope it falls so i can buy more.