Chart Pattern
Pattern Identified: Try to Head and Shoulders pattern
Bullish Scenario (Buy Setup)
Confirmation Level: Price must move and sustain above 902 for a bullish trend confirmation (902 Above Bullish).
Target 1: 933.35
Target 2 (Main Target): 1,000.00 (Resistance Zone)
Bearish Scenario (Sell Setup)
Current rejection from the Right Shoulder indicates selling pressure/bearish momentum.
Selling Target: 800.00
Major Support / Downside Target: 745.55
Key Takeaway
A breakout above 902 triggers the upside targets (933.35 / 1000), while failure to break 902 pushes the stock down toward the downside targets (800 / 745.55).
Disclaimer:
This technical analysis summary is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. Stock trading and technical analysis involve substantial risk of financial loss.
No Guarantees: Past chart patterns, price targets, and key support/resistance levels are indicators, not guarantees of future price action.
Risk Management: Always perform your own research (DYOR), apply strict risk management strategies (such as setting stop-loss orders), and consult with a certified financial advisor before making any investment or trading decisions.
Pattern Identified: Try to Head and Shoulders pattern
Bullish Scenario (Buy Setup)
Confirmation Level: Price must move and sustain above 902 for a bullish trend confirmation (902 Above Bullish).
Target 1: 933.35
Target 2 (Main Target): 1,000.00 (Resistance Zone)
Bearish Scenario (Sell Setup)
Current rejection from the Right Shoulder indicates selling pressure/bearish momentum.
Selling Target: 800.00
Major Support / Downside Target: 745.55
Key Takeaway
A breakout above 902 triggers the upside targets (933.35 / 1000), while failure to break 902 pushes the stock down toward the downside targets (800 / 745.55).
Disclaimer:
This technical analysis summary is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. Stock trading and technical analysis involve substantial risk of financial loss.
No Guarantees: Past chart patterns, price targets, and key support/resistance levels are indicators, not guarantees of future price action.
Risk Management: Always perform your own research (DYOR), apply strict risk management strategies (such as setting stop-loss orders), and consult with a certified financial advisor before making any investment or trading decisions.
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.
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.