Key Points to note:
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1. Stock has been in a fall since Dec '25 without reasonable retracement, indicating oversold condition.
2. Currently it's taking support at the 50% Fibonacci retracement level.
3. This level is also the support of a range that it's been trading inside of. There was a breakout attempt, but it failed and price got back inside the range
4. There is also hidden divergence that RSI shows, which means a loss of selling interest.
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Keeping in mind the above points, the foll. trade
Entry CMP, SL 680, Tgt 820
Disclaimer: This publication is NOT a Trade recommendation but only my observation. Do your own analysis before entering your trades.
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1. Stock has been in a fall since Dec '25 without reasonable retracement, indicating oversold condition.
2. Currently it's taking support at the 50% Fibonacci retracement level.
3. This level is also the support of a range that it's been trading inside of. There was a breakout attempt, but it failed and price got back inside the range
4. There is also hidden divergence that RSI shows, which means a loss of selling interest.
------------------------
Keeping in mind the above points, the foll. trade
Entry CMP, SL 680, Tgt 820
Disclaimer: This publication is NOT a Trade recommendation but only my observation. Do your own analysis before entering your trades.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.