Wait for pullback to 16 - 17 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always...
overall weekly setups shows a massive cup and handle.. Handle has been broken and currently on retest. GP resistance and Bearish divergence made the prices to come down short term. However clearing 20-21 range. prices might spike up hard.
Analysis: Considering the bearish divergence on RSI and the rising wedge pattern, it's safer to exercise caution. It's best to set a stop-loss below the previous higher low level and wait for a breakout of the descending trendline on the RSI or wedge pattern. If the stock stays above the 10-day moving average, it could be a positive sign. Stop-Loss: 18.50 ...
With the stock moving above the descending trendline and breaking out of the horizontal price channel at Rs. 17.70 with above-average volumes, there is a high possibility of gaining momentum towards the Fibonacci retracement level of 0.5 at Rs. 19.50 levels. Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment,...