MIDHANI - Weekly Chart Analysis
Stock broke out of it long range consolidation of almost 3 years. It looks strong on a monthly timeframe too with volume support. Stock is seen sustaining above the 306 levels. Though a retest is pending of the earlier resistance (248-278) which shall act as a support now.
As per the trend based fib further levels that can be tested are 400-465. (Uncharted territory)😊
This view stands invalid if it closes below 248 levels on a weekly basis.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
As per the trend based fib further levels that can be tested are 400-465. (Uncharted territory)😊
This view stands invalid if it closes below 248 levels on a weekly basis.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Comment:
400 - 1st TARGET DONE.