Stock has already given breakout on 1st August with good volume and now it has retested previous resistance level of 815-840.
Increased volume on retest candle suggests bulls are still in control. For further strong momentum, stock has to close above 910-915 levels.
If anyone entering at this levels, stop loss can be placed at 770.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
BDL
Increased volume on retest candle suggests bulls are still in control. For further strong momentum, stock has to close above 910-915 levels.
If anyone entering at this levels, stop loss can be placed at 770.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
BDL