Key Observations:
Chart Patterns:
A cup-and-handle formation is visible, indicating a bullish continuation pattern.
A wave structure (likely Elliott Wave) is drawn, showing a Wave 5 target at 259.50 INR.
Support & Resistance:
Support Zone: 125-135 INR (marked as a buying opportunity).
Stop Loss (SL): 111 INR.
Resistance Levels:
164.05 INR (1.618 Fibonacci level).
188.77 - 198.90 INR (previous highs).
259.50 INR (projected Wave 5 target).
Fibonacci Levels:
0.5 Retracement: 125.12 INR (aligns with the buy zone).
0.382 Retracement: 141.11 INR (potential resistance).
1.618 Extension: 164.05 INR (breakout level).
Indicators:
RSI (Relative Strength Index): 49.39, indicating neutral momentum.
RSI-Based Moving Average: 62.65, showing a previous uptrend losing strength.
Conclusion:
The chart suggests a bullish long-term outlook, with a buying opportunity in the 125-135 INR range.
A break above 164 INR could confirm the next bullish wave.
The RSI is neutral, meaning the stock could consolidate before making the next move.
Chart Patterns:
A cup-and-handle formation is visible, indicating a bullish continuation pattern.
A wave structure (likely Elliott Wave) is drawn, showing a Wave 5 target at 259.50 INR.
Support & Resistance:
Support Zone: 125-135 INR (marked as a buying opportunity).
Stop Loss (SL): 111 INR.
Resistance Levels:
164.05 INR (1.618 Fibonacci level).
188.77 - 198.90 INR (previous highs).
259.50 INR (projected Wave 5 target).
Fibonacci Levels:
0.5 Retracement: 125.12 INR (aligns with the buy zone).
0.382 Retracement: 141.11 INR (potential resistance).
1.618 Extension: 164.05 INR (breakout level).
Indicators:
RSI (Relative Strength Index): 49.39, indicating neutral momentum.
RSI-Based Moving Average: 62.65, showing a previous uptrend losing strength.
Conclusion:
The chart suggests a bullish long-term outlook, with a buying opportunity in the 125-135 INR range.
A break above 164 INR could confirm the next bullish wave.
The RSI is neutral, meaning the stock could consolidate before making the next move.
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.
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.