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Unite Technologies Financial

3rd Apr · SEBI-Registered Analyst

TECHNICAL Analysis QPOWER

The stock

QPOWER
is movement the stock had a massive run-up peaking near the 1040–1080 zone around October/November before facing a sharp correction that dragged it down to the 600 level in late January. Current trend the structure is currently very bullish. After bottoming out the stock is forming a classic Higher High Higher Low pattern. This means buyers are consistently stepping in at higher prices shifting the short-to-medium-term trend back to the upside. Current price 871.65. Immediate resistance the stock is approaching a minor resistance zone around 920–950. If it breaks out above this with strength the next major target is the previous peak zone of 1040+. Immediate support if the price dips it should find solid support around 800–820 the recent swing low. If it breaks below this the current bullish momentum might weaken. The chart shows a strong healthy recovery with good momentum. The technical setup looks prime for trend-following provided the broader market remains supportive. Maintaining a strict stop-loss near immediate support levels is the best way to manage risk while riding this upward wave. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.

#EquityResearch#WatchOutFor#TechnicalViews
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