The chart presented here is a daily chart, detailing precise entry and stop-loss levels. However, upon examining the weekly chart, a breakout of the cup pattern becomes evident. The target for this pattern is determined by the depth of the cup, making it a compelling long-side investment. The projected target is approximately 700 points higher, suggesting that the...
As you can see on the weekly chart Bsoft has broken its major supports and RSI is also giving sell signals According to the chart stop loss will be rupees ₹ 586 on a closing basis and the target will be rupees ₹ 475.
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This chart is very interesting as well as confusing at the same time for some people let's break it down step by step. If you see the monthly chart of Natco Pharma you will notice many patterns there like:- Cup pattern W pattern Pole and flag Pattern Volume is increasing significantly on the monthly chart Breakout already happened last week but...
As we can see the Cup is forming on a Monthly chart of KSCL and the target of a cup is determined by the depth of the cup and target is almost 800 points away from the current price of KSCL and we can see the buying happening in the KSCL stocks in last 3 months the volume is increasing.
As the chart clearly shows a breakout with the significant volume on a monthly time frame it's clear that we can see the great opportunity in the long side and since the market and sector both are in a bullish phase we can see the target will be achieved in no time.