Raymond
CMP 1276
Well the stock seems to be in downtrend – has broken the recent upward channel ( Oct 2021 onwards – blue one) .
Keep a watch beween 1140-1170 – that is a strong support zone.
If it does not stop there- then we can see much lower levels in coming months.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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