It has given a good return and has consolidated much It took support at 140. On the monthly chart, it faces resistance at 180 at its 50 MA so if it breaks then it can up to 250 level with a stop loss at 150 but it starts moving downward it will first take support at 130 level. So kindly watch if a breakout doesn’t happen.
On a weekly chart, it is seen that it has not closed below its 20MA taking support there again and again but facing resistance at 175-180 which is 100 days Moving average if it breaks then the first target will be 185 & then 205. On the downside, it will take support at 150 i.e. it’s 20 MA
On the daily charts, it is visible that it has given a very good move in recent time from 150 to 170 level where it took support at its 100MA so one can take a position for the upside move for the level of 200 with the stop loss at 162 as 20MA has crossed its 200MA whereas if anything goes against it starts moving down then it will take support at 153. As it is respecting its 100MA very well.
I hope this analysis will help you in the upcoming trading session.
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