SJVN LTDלונג
Detailed Technical Analysis of SJVN LTD
Key Observations:
1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern.
2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest.
3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes.
4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA.
Entry point : An entry point around 140 offers a favorable risk-reward ratio.
Targets:
Target 1: 150, which is the next resistance level.
Target 2: 160, near the all-time high (ATH) zone.
1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern.
2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest.
3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes.
4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA.
Entry point : An entry point around 140 offers a favorable risk-reward ratio.
Targets:
Target 1: 150, which is the next resistance level.
Target 2: 160, near the all-time high (ATH) zone.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.