the stock is continuously trending upwards....
now it is near to its trendline...
taking the support from the trendline multiple times.....
facing resistance from the zone @5280-5230. if this breaks and retest will go for buy side...
if trendline breaks and retest will be on short side...
keep track this stock.
The stock is trending upwards...
facing resistance in the zone 5300.
if we see on bottom side..price has taken the support from 4900...
price is also near its trendline...taking the support of trendline will not able to sustain above 5300 zone..
if price falls below the trendline..with a small retest to trendline,it will fall until 4900 range only...
until price...
Observations::
price is exactly closed in the resistance zone....where price falls more from this zone previously.
previous resistance@4690 zone broken strongly... without any retracement towards
resistance@4960 ,
if the previous resistance zone acts as support, price reach the strong resistance @5200 level.
keep on bullish until price breaks 4500 level.
price...
Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken but failed to close above levels, results in selling pressure towards downside.
-------->> we have a demand zone @4360 levels. where previously strong buy ness is observed. If price breaks this level we have a support @4340 levels.
--------->> if...
