wilsonmangalore7143

wilsonmangalore7143

1. Wait for a Clear Breakout Entry Condition: A strong monthly close above the descending channel, ideally near or above the first target level of 272 INR. This would indicate that the long-term downtrend might be breaking, showing potential for a reversal. Volume Confirmation: Look for increased volume to confirm buying interest. A breakout with strong volume...

wilsonmangalore7143

Trendline Support and Resistance: The stock is currently near a trendline support zone, which suggests that the price may find support here and possibly rebound. If the support holds, it could present a buying opportunity. There is a clearly marked trendline resistance at a higher level, meaning the stock may face selling pressure when it reaches that resistance...

wilsonmangalore7143

Resistance Level: Around INR 158.31, the stock reached this point and faced rejection, indicating a strong resistance. If it breaks above this level, it could continue upward. Support Levels: Support-3: INR 123.08 – the nearest support level. It should hold if the stock pulls back. Support-2: INR 86.73 – a significant level that might be tested if the price...