Presently it is in Bull run but the momentum is lesser than previous bull run. Killinger Oscillator suggests that at the moment Bulls are in control. The price has always respected Bollinger's Band upper limit and has always retraced back to center line. Based on previous 15 months bull run, it is expected that it will touch Rs 43.45 in February 2025. Therefore, gains of 30% in 4 months is on the cards.
Parallel channel has also been drawn and it is expected that price will stay in the channel. However, if price breaks the channel before January, 2025 then it may go even further up sharply to retest its all time high of Rs 70.
LONG Buy Trade Call
Entry: 30.22
SL: 24.85
TP1: 43.45
TP2: 48.00
Parallel channel has also been drawn and it is expected that price will stay in the channel. However, if price breaks the channel before January, 2025 then it may go even further up sharply to retest its all time high of Rs 70.
LONG Buy Trade Call
Entry: 30.22
SL: 24.85
TP1: 43.45
TP2: 48.00
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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.