Looks good for a descending triangle but the breakout is not immediate. Purely from technical point of view the stock needs some volume to b/o or if no volume found the stock would move between the bands that are marked in the charts.
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Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle which gives a rought target of 1950-2000.
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From the business point of view the stock had some issue with shareholding, even though management cleared it, uncertainty still looms. So one should undertake their own Due diligence before investing here.
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Disclaimer : I am not advising buy or sell and I dont personally hold any shares of above scrip. This is purely for educational purpose and to understand the nuances of technical charts.
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Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle which gives a rought target of 1950-2000.
.
From the business point of view the stock had some issue with shareholding, even though management cleared it, uncertainty still looms. So one should undertake their own Due diligence before investing here.
.
Disclaimer : I am not advising buy or sell and I dont personally hold any shares of above scrip. This is purely for educational purpose and to understand the nuances of technical charts.
ノート
Decent move from 1468 to 1510. breakout yet not convincing. so will have to wait for volume action hereノート
Some volume registered here in the counter. staggered improvement in every candle. Still b/o not confirmed we will wait
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。