HAPPY-GO-LUCKY
📊 **Trend Analysis**
🔻 The stock is currently in a **downward channel**, as evident from the trendlines sloping downward.
📉 The price is near the lower boundary of the channel, suggesting the potential for a **bounceback** if support holds.
📍 **Key Levels**
🟢 **Support Level:** ₹985
This level has been tested multiple times in 2024, showing strong buyer interest.
🔴 **Resistance Level:** ₹1,085
The price has struggled to break past this level recently, making it a strong resistance zone.
⚠️ **Immediate short term Support:** ₹985
The price is hovering near this area, and a breach could indicate further downside.
🔬 **Volume Analysis**
📈 Volume spikes have coincided with significant price movements, especially during reversals.
📉 Currently, volume seems lower, suggesting a lack of strong buying or selling pressure.
📅 **Outlook & Strategy**
💡 If the price holds above ₹985, **bullish opportunities** may emerge, targeting ₹1,085
💔 A breakdown below₹985 could lead to a test of lower levels near ₹950.
final support for the stock 915
✨ **Takeaway**
🧘♂️ Patience is key! Wait for confirmation signals before entering a trade.
Look, im not a stock market professional. Just sharing for my own purpose, not yours.
🔻 The stock is currently in a **downward channel**, as evident from the trendlines sloping downward.
📉 The price is near the lower boundary of the channel, suggesting the potential for a **bounceback** if support holds.
📍 **Key Levels**
🟢 **Support Level:** ₹985
This level has been tested multiple times in 2024, showing strong buyer interest.
🔴 **Resistance Level:** ₹1,085
The price has struggled to break past this level recently, making it a strong resistance zone.
⚠️ **Immediate short term Support:** ₹985
The price is hovering near this area, and a breach could indicate further downside.
🔬 **Volume Analysis**
📈 Volume spikes have coincided with significant price movements, especially during reversals.
📉 Currently, volume seems lower, suggesting a lack of strong buying or selling pressure.
📅 **Outlook & Strategy**
💡 If the price holds above ₹985, **bullish opportunities** may emerge, targeting ₹1,085
💔 A breakdown below₹985 could lead to a test of lower levels near ₹950.
final support for the stock 915
✨ **Takeaway**
🧘♂️ Patience is key! Wait for confirmation signals before entering a trade.
Look, im not a stock market professional. Just sharing for my own purpose, not yours.
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.