CMP 1485 on 27.08.26
Since June 2024, the stock price has been taking support 5th time at the same level around 1480. The price is showing a consolidation for the two weeks.
MACD shows a possible crossover too.
If the pattern continues, it may go into a bullish phase . Possible target is 1650 or more.
The setup fails if the price sustains below 1440.
All these illustrations are only for learning and educational purposes. It is not a trading recommendation.
All the best.
Since June 2024, the stock price has been taking support 5th time at the same level around 1480. The price is showing a consolidation for the two weeks.
MACD shows a possible crossover too.
If the pattern continues, it may go into a bullish phase . Possible target is 1650 or more.
The setup fails if the price sustains below 1440.
All these illustrations are only for learning and educational purposes. It is not a trading recommendation.
All the best.
Trade active
Showed good move in 2 sessions. Reached 1560.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.