SATIN - Weekly Chart Analysis
Coming out of base of more than 3yrs. Entering stage2. Forming base of 5 weeks and 18% range.
The stock has showed immense strength with huge volume spikes while coming out of Stage1.
Pilot position can be initiated here.
With the next targets in near long term are 289-298 which is minor resistance zone but major target would be 365 which is long term target and major resistance.
Not this view gets invalid if the stock closes below 160-178 on a weekly timeframe. Aggressive stop can also be kept of 217-226 zone on closing basis.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
The stock has showed immense strength with huge volume spikes while coming out of Stage1.
Pilot position can be initiated here.
With the next targets in near long term are 289-298 which is minor resistance zone but major target would be 365 which is long term target and major resistance.
Not this view gets invalid if the stock closes below 160-178 on a weekly timeframe. Aggressive stop can also be kept of 217-226 zone on closing basis.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
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