The price action is rejecting from its supply zone and closed the day at 134.60. At present, support level lies in the range of 127-125 which is the test of ascending trend line. Exercise caution and monitor closely; failure to maintain this level could lead to further downside. On the flip side, upon confirmation of a pullback creates buying opportunity.
Analyzing the current chart, we observe the formation of a Inverted Head and Shoulders pattern. The left shoulder is formed after an initial upward move, followed by a higher peak forming the head. The subsequent pullback creates the right shoulder. The neckline, drawn across the highs of the pattern, acts as a crucial resistance level. A decisive break above this...
The price action is currently retracing towards 0.382 Fib level with support defined around 108.2 - 105.2 range. Long position is considerable at support for the target of previous resistance level of 118 with the stop loss placed below 102.
Mouwasat has taken a correction
Positive Divergence on hourly is observed.
Aiming for C&H completion Targets
Entry @CMP (242 - 243)
SL (241.5) 0.6%
TP1 (247.6) 1.7%
TP2 (253) 4%
With price bouncing off the support it is more likely that the price will keep on going and on top of the Breakout of a triangle pattern this stock looks very bullish.
trading algorithms change the game, and decide to sell
This market will decline strongly this week , I Advais you to Selling at the next red candle
the time is not right to buy
Price is respecting a strong uptrend.
Price broke a resistance and turns it into a Support.
Great Volume of Buyers is present in the Market.
4002 is to Kept in the Wallet.
