SHARDACROP gave 11 months range breakout with huge volume. Showing strength during the heavy sell-off.
This stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375. Key Levels are Mentioned on chart Cup and handle pattern Macd in monthly...
weekly chart..Inverted H & S pattern. Enter after 320 EOD ..First target 424
The above analysis is done purely based on price action and chart patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic as well as the trade setup is shown in image itself. Entry can be made between the range of 285-295. SL and Targets are shown in image itself. The above analysis is purely...