As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out.
A weekly close above 153 can create positive momentum for a potential positional trade.
The price has good support between 143-130.
In case of downside, the stock can find support at 120, and further down at 110-105 levels.
Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.
A weekly close above 153 can create positive momentum for a potential positional trade.
The price has good support between 143-130.
In case of downside, the stock can find support at 120, and further down at 110-105 levels.
Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.