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, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Trade closed: target reached
03/03/2023The stock reached the target price of Rs. 19.50 where it found resistance as expected.
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.