Break-out on cards and 18% rally for PRISM JOHNSON?
Updated
There are three bullish confluences that you can see on this chart.
1.According to Elliot wave model the stock is taking off in wave III of 3.
2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.)
3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.))
The stock can give a swift move once it decisively closes above 150 mark.
Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
1.According to Elliot wave model the stock is taking off in wave III of 3.
2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.)
3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.))
The stock can give a swift move once it decisively closes above 150 mark.
Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
Trade closed: target reached
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