Retest of Monthly Breakout around 140-143 possible. It is safe as long as it stays above 135 - 136.
Retest of Monthly Breakout around 140-143 possible. It is safe as long as it stays above 135 - 136.
Still Bullish, however, should not Break 57 on Closing basis.
ABCD Pattern Completion around 141 & then Bearish Divergence on Weekly TF is a Cautious Approach Signal. To Continue the Uptrend, it needs to Cross & Sustain 142 ; which may then lead towards 180 - 185.
Bullish on All Time Frames. However, Slight Bearish Divergence on Hourly TF; which may bring the price towards 144.50 -145.50 & then around 136 - 137. Important Resistance around 158 -159. Sustaining 159 with Good Volumes will expose New Highs, may be around 180s. Note that Initial Resistance is around 153 that needs to be Sustained to neglect the Bearish Divergence.
Buy @ CMP (around 166 - 170) Sell around 175 - 176 Stoploss 164.50 (Closing basis) Then we should wait for 177 to Cross & Sustain; Target 200
However, Immediate Resistance is around 295 - 312. Important Support levels can be around 265 - 270. Once, 345 - 350 is crossed, it may start its Bullish Momentum. Alert! Low Volume Stock!
Monthly Closing above 132.65 will be a Positive Sign. However, near 123 - 126 can be a Good Buying Opportunity.
22 - 22.30 then 20.50 - 20.70 can be Important Support levels. Immediate Resistances are around 24.80 then 27 -28
Plan1 Buy Above 34 (if Sustained) Sell around 39 - 41 Stoploss 33 (closing basis) Plan2 Buy1 around 29.30 - 30.50 Buy2 around 27.30 - 28.50 TP1 around 33 - 33.50 TP2 around 35 - 36 Stoploss 26.80 (Closing basis)
Plan1 Buy1 around 26 - 26.50 Buy2 around 23.50 - 24.50 TP1 around 29 - 30 TP2 around 31.50 - 32.50 Stoploss 21.50 (closing basis) Plan2 Buy above 30 (if sustained) Sell around 35 then around 38 Stoploss 29 (Closing basis)
Buy1 around 62 - 62.70 Buy2 around 58 - 59 Average Buying Rate would be: 60.43 TP1 around 65 - 66 TP2 around 67 Stoploss 57 (closing basis)
Plan1 Buy Above 46 (if Sustained) Sell around 50 - 51 Plan2 Buy1 around 43 - 43.50 Buy2 around 39.70 - 41.30 Sell around 45 - 45.50 Stoploss 38.50 (closing basis)
* 94 - 96 is a Strong Resistance for now. * On the flip side, 90 - 91 may act as a Strong Support. * If 96 is Sustained, we may witness 105 - 106 initially. * For Swing Traders, 82 should be the Stoploss on Closing basis.
Bullish Divergence at a Support Level around 86 - 88 is a Positive Sign. Immediate Targets can be around 92 then 99
Buy1 @ CMP or around 92 Buy2 around 88 - 89 Sell around 99 - 100 Stoploss 87 (closing basis)
Bullish Divergence on Hourly TF. However, Good Support can be around 255 - 265. Immediate Resistance is around 290 - 292.
Morning Star Formation on Daily TF. Bullish Divergence on Hourly TF.