Well this broke out as thought guessing the FOMO kicks in now to take it to the next level .
Question is will it retest the break out zone?
Just scanning this for a Intra day tomorrow
15 minute the 7 day has dived down and crossed the 21 day so depending on price action tomorrow will see how to proceed.
Swing traders strong hands please:)
Fairly new share ,broke out of its downtrend line possible retest and may dip till 528 .
BUY up till 528
Keeping my stop loss below that zone 517ish
Expect this to be a quick pump till 619 .
On the LTF the 7 & 21 day MA's are offering support around 536.25 so first bid is going to be there . Fairly confident this should play out lets see...
Long term i...
On hourly chart stock started to form higher high formation, and rsi is also well aligned the price, suggestion price up move is fueled by the good momentum.
So everything as of now looks good on the charts , and any breakout above the trend-line would possibly lead a good move in the stock and stock could be seen reversing the down trend its being seeing since...
Stock almost did the target in the early trading session, high made was 596.35
The current rally was a pullback and
now its time to draw a new trend-line to spot the reversal in the stock.
New support levels are 540 545 ( previous resistance turned support)
Stock can spot the Resistance near new down sloping trend-line and further resistance will remain...
