Stock looks good for upside at current levels. S/R zone (in blue) tapped; this zone has acted as a good resistance zone earlier and now should act as a good support zone.
Also price has moved back inside the range (marked in orange).
I see good upside in stock in coming days.
NSE: WESTLIFE is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
it ran from 525 to 565 while editing the chart :)
Clear breakout in WESTLIFE
Disclaimer - This is just for educational purpose and not a trading or investment advise
This chart is basically just a learning experience for me to see how the stock behaves in the coming days. Whether history would repeat itself in the medium term? Whether technical charting and market sentiment can overpower fundamentals ?
Many of you may say it is obvious but here is a stock which technically is great as explained in the chart but fundamentally...
