Daily chart,
The stock
IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3
However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.
Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.
The stock
IREDA has crossed a falling expanding wedge, and the target is 253.8, passing through a strong resistance level at 234.3However, there is a strong Resistance line R, currently around 172.7
So, after stabilizing above 172.7 for 2 days, the target should be confirmed for a new entry (buy)
Consider a stop loss below 154, and raise the level along with the bullish movement.
Technical indicators:
RSI is forming a bullish direction - positive
MACD is about to cross up the zero line - To be assertive after crossing both the zero line and its signal.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.