The stock has been moving sideways for the past many months ( approx 8 months).
Current price action, suggesting that the stock is trying to pick up the momentum on the upside.
The stock has created strong support around 530-550 levels.
Hence sustaining these supports, stock could move towards 750 and 900 in the coming months.
Considering the history of the...
Stock can go in both direction, the advanced charts patterns will capture the move and will give the retraced targets, entry can be done on completion of the cypher pattern's D point for normal targets of 50-61% retracement from D. Extended target of 127% from left shoulder (Of H&S) and Previous Structure High repectively
Breakdown from the channel (with volume confirmation) , indicating more downfall;Sell:395, Target: 295, SL: 445
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
