Long
IBREALEST
The only two resistance between 190 and CMP… the immediate zone is a tougher resistance while the above one may get crossed… with minor struggle if the immediate one is taken out… also 130 is an important level… once crossed will open the gates… for all further targets….
Note
While the stock price is trying to move past the resistance... the RSI is holding well above 60... that is an important factor... here...Note
Hourly closing suggest that there will be an attempt to cross the resistance in next few sessions.Note
Finally a weekly close above the resistance zone... now lets wait and wait as to what happens... from here... lets... hope for the better out come...Note
The price has tested the support zone. The support zone is 93-103, it would be interesting to watch happens in this range.Note
Finally the resistance is taken out... should sustain... price may move up...Note
With the recent announcement on exchange, this has become very very interesting now.Note
If the price moves up from here... 180-190 zone will be important...Note
Finally the stock has cleared the resistance zone... may be heading for 190
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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.