Cadila Health Care
#CADILAHC
1,2 Acting as a strong resistance zone for the stock
3 - Managed to break the resistance zone with good
volumes. Followed by a retest with low volume.
4 - It is the previous swing high support zone for the stock. It got respected
5 - Previous swing low support zone
If price managed to get to the mentioned zone then high chances that aggressive buyers will enter in pushing the stock to higher price.
Current Candle has formed a Pinbar and also taking the support from RSI trendline.
#CADILAHC
1,2 Acting as a strong resistance zone for the stock
3 - Managed to break the resistance zone with good
volumes. Followed by a retest with low volume.
4 - It is the previous swing high support zone for the stock. It got respected
5 - Previous swing low support zone
If price managed to get to the mentioned zone then high chances that aggressive buyers will enter in pushing the stock to higher price.
Current Candle has formed a Pinbar and also taking the support from RSI trendline.