AWHCL Trade setup for Diwali 2024
Stock Analysis and Trade Setup
The chart shows a clear range with key levels and potential trade setups:
• Long Setup: A breakout above the first resistance level around 818.4 would indicate bullish momentum, targeting 846.8 as the first level and potentially extending towards 902.7. Enter a long position only after a confirmed breakout above 818.4 with strong buying volume.
• Short Setup: If the price fails to hold above the resistance and drops below the 666.25 support level, it could signal a bearish trend continuation. A breakdown below 666.25 could lead to a significant downside move, possibly reaching the next support around 560.2.
The price is currently testing the resistance area and might consolidate before choosing a direction. Monitor closely for breakout signals or rejection patterns at these key levels to confirm the trade direction.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.
The chart shows a clear range with key levels and potential trade setups:
• Long Setup: A breakout above the first resistance level around 818.4 would indicate bullish momentum, targeting 846.8 as the first level and potentially extending towards 902.7. Enter a long position only after a confirmed breakout above 818.4 with strong buying volume.
• Short Setup: If the price fails to hold above the resistance and drops below the 666.25 support level, it could signal a bearish trend continuation. A breakdown below 666.25 could lead to a significant downside move, possibly reaching the next support around 560.2.
The price is currently testing the resistance area and might consolidate before choosing a direction. Monitor closely for breakout signals or rejection patterns at these key levels to confirm the trade direction.
Disclaimer: This analysis is for educational purposes only. Please conduct your own research before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.