Hello 👋
It's a auto ancillary stock
* Stock is in downtrend
* Trend line break downside, retest & down
* Momentum down.. selling pressure candlestick
* Downside levels marked on chart
* Mutual fund holding remains unchanged 0.01%
* Though profit increased y-on-y.. plus promoter unchanged holdings..stock still looks technically weak
* Currently stock is now at crucial level..as previously it was a resistance from where stock made strong breakout.. currently it's a major support level.
* If stock failed to hold 600, it can be touched it's previous low .. which was 516..
* Also in weekly tf, H & S making.. if it's confirmed then major fall can be happened.. ( around 200 pts)
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you 😊
It's a auto ancillary stock
* Stock is in downtrend
* Trend line break downside, retest & down
* Momentum down.. selling pressure candlestick
* Downside levels marked on chart
* Mutual fund holding remains unchanged 0.01%
* Though profit increased y-on-y.. plus promoter unchanged holdings..stock still looks technically weak
* Currently stock is now at crucial level..as previously it was a resistance from where stock made strong breakout.. currently it's a major support level.
* If stock failed to hold 600, it can be touched it's previous low .. which was 516..
* Also in weekly tf, H & S making.. if it's confirmed then major fall can be happened.. ( around 200 pts)
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you 😊
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.