Chart_World

ABCAPITAL broadening wedge pattern

Long
NSE:ABCAPITAL   ADITYA BIRLA CAPIT
ABCAPITAL ABCAPITAL

Time Frame – Weekly

Observations:-
* Descending right angel broadening wedge pattern breakout with good volume on weekly chart above 140
* Trading in parallel channel
* Monthly breakout on chart
* Gap resistance near 237-225

Resistance – 175 / 210 / 237 / 255

Support – 140-133 zone & 105-115 zone & Weekly 200 SMA


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