NSE:TDPOWER (163)
1. Support & Resistance Levels:
Support levels: 150 (Resistance becomes support)
Resistance levels: 185-200
2. Pattern:
The stock is currently trading above the curve pattern breakout with a flat resistance level at around 167 and a recent uptrend supporting upside movement
3. Volume Analysis:
The trading volume has spiked during the recent upside movement
4. Price & Trend Analysis:
The stock has been in a bullish trend since the beginning of 2022 and has been making higher highs and higher lows.
The current pattern is a bullish continuation pattern, indicating that the uptrend is likely to continue.
5. Conclusion:
Based on the technical analysis, the stock is showing signs of strength and is likely to continue its bullish trend.
A breakout above the resistance level of 167.5 could trigger a sharp move towards the next resistance level at 185-200.
#TechnicalAnalysiswithMrChartist
1. Support & Resistance Levels:
Support levels: 150 (Resistance becomes support)
Resistance levels: 185-200
2. Pattern:
The stock is currently trading above the curve pattern breakout with a flat resistance level at around 167 and a recent uptrend supporting upside movement
3. Volume Analysis:
The trading volume has spiked during the recent upside movement
4. Price & Trend Analysis:
The stock has been in a bullish trend since the beginning of 2022 and has been making higher highs and higher lows.
The current pattern is a bullish continuation pattern, indicating that the uptrend is likely to continue.
5. Conclusion:
Based on the technical analysis, the stock is showing signs of strength and is likely to continue its bullish trend.
A breakout above the resistance level of 167.5 could trigger a sharp move towards the next resistance level at 185-200.
#TechnicalAnalysiswithMrChartist
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