Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
MOLDTKPAC
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
MOLDTKPAC