Stock took a very wonderful support at 490 levels. Which is exactly the support zone on weekly time frame. If you also check the RSI indicator its in oversold zone. The same situation occurred in between March and April 2021
We can also say that swing trading strategies can be used to identify multibagger stocks. Today in this we have discussed about a particular swing trading strategy using support and resistance.
A very wonderful opportunity in this stock came to limelight. It was just a normal glance on the stocks which are in the radar. I spotted the stock few days before and it really excited me.