It's in the formation of a chart pattern which is a flag and in this case its a very good rectangular formation which shows strength of the bottom area
1. Good for investment and will certainly give a good 40% returns in coming few months
2. Traders can look for 220 and 228 but if we get lucky this can become a flying beast in one da
There are lots of jokes about this script but if we really look into the averages of this stock, this stock is readying itself for a wonderful upside and will amaze everyone .
When...
This is the third attempt to breakout from the patten so the first target of 333-335(Gap fill) will be immediate, and as I am holding two lots I will set my second target to 354 which is likely given the Nifty is making new highs.
IF you notice the volume spike I have mentioned in the volume chart, reliance is ready to cross the accumulation zone and reach 2190 so it's a good risk-reward ratio to go long from here.
I have gone along with a hedge of 1900 PE to handle the results risk.
In the 15 Minutes chart, we are seeing a clear reversal pattern of double bottom and accumulation patterns...
ITC has been underperforming in 2020 with all its peers shining so a bet on the ITC. With FMCG at an all-time high, this cant is at this price(I am not an expert fundamental analyst but it's just a feeling). Let's move into the technicals.
A very beautiful Cup or rounding bottom chart brings the ITC target to 232 in January and the monthly candles are creating a...
![AXISBANK: [Price Action] Axis Bank can trend to 940 in coming days](https://s3.tradingview.com/j/jgl5bUwa_mid.png "[Price Action] Axis Bank can trend to 940 in coming days")
