CMP: 1459.5
TF: Daily
Observation:
Price is trading above the cloud and 200 DEMA
Textbook example of Accumulation seen at the lower levels (1290-1360) and the price is trying to breakout of a Rounding bottom / Cup & Handle pattern
The GAP zone of 1548-1603 could be the potential target for this Dec Series I believe. It confluences with the falling trendline from the TOP.
Expecting GOLDEN CROSS (50 DEMA over 200 DEMA) on this chart soon, which could propel this script higher.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.