Will Global Education beat the resistance and reach 421 ?Weekly chart, the stock could not beat resistance A and B. I think it seeks a good support level to rebound.
Above resistance B, the target will be 421
Below support A, the shaded area may work as a magnet for some time, then either the stock moves upwards or to test support B
As there are multiple scenarios, be careful!
Globaleducation
Global Education Ltd Trend AnalysisHigh probability trade setup!!
To keep it short, this education sector microcap company has robust fundamentals with highest ever net profit in FY2022-23.
Technically, price is forming a potential reverse H&S pattern.
Strong bullish divergence with RSI on 4H & Daily timeframe.
Good to buy at CMP for a target of 293+ in short term (75% ROI with 7:1 R:R)
Mandatory stop loss @ 150.
Do your own due diligence before taking any action.
Peace!!