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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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.