Reason Being:
1. Formation of Higher High in Daily Time Frame
2. One year downward trendline breakout
3. Stock took support at 50% Fibonacci retracement
View Negated Below: 350 in Daily closing Basis
Target: 409/449/489
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
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1. Formation of Higher High in Daily Time Frame
2. One year downward trendline breakout
3. Stock took support at 50% Fibonacci retracement
View Negated Below: 350 in Daily closing Basis
Target: 409/449/489
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education purposes.
if you liked it please don't forget to follow me
Commento:
First Target of 409 Hit, Stock may face some retracement and then we will move ahead for the next target