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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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.