Stock is consolidating from its life time high of 1175 since 9-FEB-2024. Multiple rejections in the range of 1060-1090.
due to market news and elections the stock is very volatile. I see the immediate support at 1000 and its a psychological level.. if this level is broken then the next strong support level is 867.
I suggest to exit the stock at 1080 levels and wait for accumulation zone 1000-950 levels (50% quantity) and 867-890 levels
Fibonacci levels suggest if the bullish trend continues then the targets 1081, 1175, 1213, 1345
if the stock price falls then the target levels are 1000, 961,898 & 835
due to market news and elections the stock is very volatile. I see the immediate support at 1000 and its a psychological level.. if this level is broken then the next strong support level is 867.
I suggest to exit the stock at 1080 levels and wait for accumulation zone 1000-950 levels (50% quantity) and 867-890 levels
Fibonacci levels suggest if the bullish trend continues then the targets 1081, 1175, 1213, 1345
if the stock price falls then the target levels are 1000, 961,898 & 835
Trade active
First target crossed be cautious and maintain strict stop-loss as suggested
Trade closed manually
high 1173 achieved.. no further trades recommended
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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.