NDGL - Weekly Chart Analysis, CMP-2515.95
On a monthly timeframe it is sustaining above 1969-2365 (previous resistance zone) which is now acting as a support. A new HH was formed on the same timeframe and the price is consolidating thereafter.
On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks now and 20% range.
2340-2365 shall act as support and weekly close below with a follow through will invalidate our view.
2964 - 3485 - 3689 - 4133 - 5784 - 6000 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks now and 20% range.
2340-2365 shall act as support and weekly close below with a follow through will invalidate our view.
2964 - 3485 - 3689 - 4133 - 5784 - 6000 are the levels that can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.