The daily charts showed 3 different bearish pattern at 2535 & 2552 levels from where the stock gave in the gains.
It should maintain its average of 2258 levels. By average I mean is the closing prices should be near it.
Resis 2364 / 2388
Supp - 2258 / 2246 / 2217 / 2164
The weekly charts Moving Avg divergence has to be seen.. the stock after some pullback may break recent lows too....
A recommendation has come from some source to buy it for medium term with a trgt of 3250. I think if it manages anytime to move above 2418 convincingly, the stock may resume the further uptrend, maybe for targets 2689 / 2863...
Thank you
It should maintain its average of 2258 levels. By average I mean is the closing prices should be near it.
Resis 2364 / 2388
Supp - 2258 / 2246 / 2217 / 2164
The weekly charts Moving Avg divergence has to be seen.. the stock after some pullback may break recent lows too....
A recommendation has come from some source to buy it for medium term with a trgt of 3250. I think if it manages anytime to move above 2418 convincingly, the stock may resume the further uptrend, maybe for targets 2689 / 2863...
Thank you
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