A Cup & Handle pattern has been formed and on its way to breakout level. Needs to break the resistance at 1130 which has been tested multiple time, once supported by volume the target can be achieved with no major resistance ahead.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
this is not the chart of AARATI INDS. DOn't misguide.
sureshsehrawat
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@djaypan786, what makes you think so ? Its what the tradingview display’s. Please guide me how to correct it. Thanks
djaypan786
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@sureshsehrawat, IN tradingview chart,on 30.04.20 & 17.09.20 both are bearish candle and there is a dismatch in your chart
sureshsehrawat
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@djaypan786, first of all your initial comment waas wrong stating that this isn’t the correct chart. Secondly my chart is based on the daily trend of the security. Third you’re now referring back to April which doesn’t relate to this chart. And finally the trend analysis is not based on timely candles, it follows the general daily trend. There will be time when the security price may
Move up or down. Hope this clarifies. Cheers
Devashish13
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@djaypan786, He has used Heikin Ashi candles and not Normal Candles. The chart is correct. You are comparing wrong candles.