Macrotech Developers , a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup. Reasons are listed below: 1200 as a Strong Support Zone : The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move. Double Bottom Pattern on Daily Timeframe : A double...
i have drawn perious waves, to understand how the stock moved. plus the rectangle figure is the range for the breakouts. i have even put the moving averages for your analysis . (red one- 50MA, blue one - 100MA).
Macrotech Developers. (Lodha) Breakout is seen on the chart. May move higher as the realty sector is also in an uptrend. View invalid if moves below 1030 or below the trendline drawn. Note: only for educational purposes. Not a buy/sell recommendation. #stocks #stockmarket #analysisonly