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.
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...
