abid157013

abid157013 Updated 

1. Symetrical Triangle BO 2. Huge volume on BO 3. TP 1 and TP 2 indicated on chart

abid157013 Updated 

Huge volume on sell side. The price target would be 45 on the sell side. Looking forward to accumulating it in that area which is also it's fibb 60% area.

abid157013 Updated 

Buy at 31 and sell at 37. It looks like a strong setup. Mini uptrend and RSI is also bullish indicating a buy signal.

abid157013

Bearish indicators (Strong) 1. RSI & MACD Divergence on weekly timeframe 2. Price is in uptrend but volume is declining. 3. Recently heavy selling pressure. (Tax) 4. BO of Rechtangle pattern will confirm trend reversal 5. Break of Rectangle and weekly support will active our setup. Price Targets on the chart. Bullish indicators (Weak) 1. RSI is trending...

abid157013

Increasing volume which shows buyers are in control. Price breaking monthly channel with good volumes. Retest will confirm the bullish move. TP 1 = Rs 400 TP 2 = Rs 850 It's is a long term trade so be patient with it.

abid157013

I expect epcl to explode from current levels and make new highs. According to time cycles the stock consolidate for 3.5 years approx before every bullish cycle. Each time after cosolidation the stock has given a 3x retrun to its shareholders.

abid157013

Breakout of trend line and retest is expected and then I am putting a target of 50 to 60% retracement which will give a return of 25%.