Trend - up in all higher time frames.
Weekly RSI - Took support at 62 and moving up.
Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024
Retest of the breakout has happened.
Now weekly and daily price actions shows the upward momentum.
Entry - One may wait for daily previous supply levels - 2015 to be hit and take an entry as per reversal in lower time frame. Purely based on risk management - SL %
1827 - would act as a strong support. 7.5% from current levels.
Weekly RSI - Took support at 62 and moving up.
Stock has given a bullish penant breakout after consolidating for 5 months - Sep - 2023 to Feb 2024
Retest of the breakout has happened.
Now weekly and daily price actions shows the upward momentum.
Entry - One may wait for daily previous supply levels - 2015 to be hit and take an entry as per reversal in lower time frame. Purely based on risk management - SL %
1827 - would act as a strong support. 7.5% from current levels.
Note
SL hit.
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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.