CMP 875 on 22.05.25
The stock price dropped 50% between September 2024 and March 2025. In recent days, it has been consolidating near the 800 levels, which is acting as a support zone, as shown on the chart.
MACD shows a likely crossover, too.
If it gives an upside move, further targets may be 1080/1180 or more.
One has to keep the position size according to the risk management.
The setup will go weak if it sustains below 800-775 levels.
All these illustrations are only for learning and sharing purposes, not a piece of trading advice in any way.
All the best.
The stock price dropped 50% between September 2024 and March 2025. In recent days, it has been consolidating near the 800 levels, which is acting as a support zone, as shown on the chart.
MACD shows a likely crossover, too.
If it gives an upside move, further targets may be 1080/1180 or more.
One has to keep the position size according to the risk management.
The setup will go weak if it sustains below 800-775 levels.
All these illustrations are only for learning and sharing purposes, not a piece of trading advice in any way.
All the best.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.