IMPAL - Weekly Chart Analysis, CMP-1170.20
After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey.
It is well trading above all its key moving averages too.
966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view invalid.
1280 - 1470 - 2024 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
It is well trading above all its key moving averages too.
966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view invalid.
1280 - 1470 - 2024 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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