Hello 👋
Today stock open gap up for 7405 & made high of 7640.. previous day close was 7202.15
* Since 4 weeks price trading between a range .. support 7430 (pivot)
* Currently stock in downtrend.
* Today strong pullback happened.
* Also there is an Acquisition news related to Industrial gas supply assets (agreement with Tata Steel) may benefitted to the stock.
* See the strong breakout of trend line
* Also strong volumes.
* Rsi also inclined.
* Long trade can be invalid below 6700 if it breaks decisively.
*** Can be a short term bet.***
It's my view. No buy or sell recommendation 🙏 plz DYOA
Please boost my post if you find it useful 🙏
Thank you
Today stock open gap up for 7405 & made high of 7640.. previous day close was 7202.15
* Since 4 weeks price trading between a range .. support 7430 (pivot)
* Currently stock in downtrend.
* Today strong pullback happened.
* Also there is an Acquisition news related to Industrial gas supply assets (agreement with Tata Steel) may benefitted to the stock.
* See the strong breakout of trend line
* Also strong volumes.
* Rsi also inclined.
* Long trade can be invalid below 6700 if it breaks decisively.
*** Can be a short term bet.***
It's my view. No buy or sell recommendation 🙏 plz DYOA
Please boost my post if you find it useful 🙏
Thank you
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.