After the high of 739.85 the stock corrected almost 50% with strong support at levels around 370-375.
Double bottom formation with stock price closing near the 40 weekly moving average.
The price crossing the 40 weekly moving average with good volume would be a positive sign.
Important levels to watch: 416 which is the neckline with initial targets of 427 and 450.
Might see some resistance at 450, beyond which 495-500 could be a possibility in the medium term.
Keep a strict stop loss at 5-8%. Also price falling below the support zone of 376 would trigger caution.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
Double bottom formation with stock price closing near the 40 weekly moving average.
The price crossing the 40 weekly moving average with good volume would be a positive sign.
Important levels to watch: 416 which is the neckline with initial targets of 427 and 450.
Might see some resistance at 450, beyond which 495-500 could be a possibility in the medium term.
Keep a strict stop loss at 5-8%. Also price falling below the support zone of 376 would trigger caution.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
Nota
Below 376
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.