1. Bouncing from Crucial Demand Zone: the stock is rebounding from significant demand and Fibonacci support zones.
2. EMA Confirmation: The Exponential Moving Averages support this upward move as marked on the charts.
3. Strength in Price Action: Strong candle formations...
4. Position details:
- Current Market Price (CMP): ₹470
- Stop Loss (SL): ₹370
- Take Profit 1 (TP1): ₹670
- Take Profit 2 (TP2): ₹870++
5. Overall Outlook:
- At least a breakout above the last swing high is expected, signalling a potential strong uptrend.
2. EMA Confirmation: The Exponential Moving Averages support this upward move as marked on the charts.
3. Strength in Price Action: Strong candle formations...
4. Position details:
- Current Market Price (CMP): ₹470
- Stop Loss (SL): ₹370
- Take Profit 1 (TP1): ₹670
- Take Profit 2 (TP2): ₹870++
5. Overall Outlook:
- At least a breakout above the last swing high is expected, signalling a potential strong uptrend.
Anubrata Ray ⚡
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.
Anubrata Ray ⚡
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.