After giving a breakout from the DECENDING triangle pattern. It is again forming a DECENDING triangle pattern. COINCIDENCE:- both the patterns suggested the TGT's of 170/- Stop Loss:- 196/-
Inverse Head & Shoulder pattern formation. MTF analysis. Since lockdown the stock is moving as per the Elliot Wave Theory. Aggressive traders can buy at current lvls also keeping SL tight. Else wait for breakout above 445/-
After testing the life time lows it's currently range bound Resisting at the levels of 93-95. One can make fresh investment above 100/- only.
Elliot Wave Formation happening on daily timeframe. Going for wave 5 !! Expected TGT of 580/- With a SL of 390/-
Gave clear cut breakout out of its H&S pattern. Excepting a TGT till 340/- where there is a 61% Retracement.
Short till 780 as per Wave 4 formation will start soon so it may come down. If break the high on closing basis close the trade
Completed its Double bottom pattern. It may test the 90 support level once to continue the rally. Also forming a Bull Flag pattern in 1 hour time frame. One can take a counter swing trade up to 90rs Stop Loss above 100/- closing basis with double conformation. OR if break the parallel channel.