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It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in.
In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210.
Overall medium to long term has strong upside potential and could be a strong SIP candidate.
Happy Investing
It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in.
In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210.
Overall medium to long term has strong upside potential and could be a strong SIP candidate.
Happy Investing
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.